7:19 am PST. TLT has moved down this morning. I think it goes to test 122.50 by next week at least. Still in TLT puts.

6:52 am PST. Predictably, SPY is up again this morning in the same pattern it has been doing for the past weeks and will probably end on a lower note than the high of the day, but I think it’ll just be a temporary pullback/retracement before going higher. I think the market is decaying time as it anticipates a Le Pen loss over the weekend which will tank the Euro and send the dollar and U.S. indices soaring.

6:37 am PST. Stopped out GLD puts. +15%. I might roll into next week’s instead.

6:13 am PST. Silver futures are moving sharply down now. There is a confluence of support at $17 on SLV, and then below that $16.40. GLD first target $120.

5:34 am PST. The Euro rallied in the overnight Asian and European sessions, while the dollar dropped a bit. VXX has dropped a bit this morning as the Dow and SPX futures are up this morning a little. Silver is flat and gold just a hair lower. TLT sold off some overnight as well.

2:01 pm PST. the JPY/USD could be at support.

1:00 pm PST. TLT had a bearish close, which to me says that the Dow may have found support as it bounced up on short covering just before the bell. I decided to hold onto my VXX puts, they expire next week so I think odds favor further downside on the VXX and a  near bottom on the indices.

I also reloaded GLD puts instead of GDX puts. FXE looks like a short, which should push the dollar up, treasuries down, and the indices up.

12:28 pm PST. The Dow just keeps selling off. We could have support at 20267. I am still in TLT puts and VXX puts expiring next week. I might have to stop out. Not sure.

10:47 am PST. USO is really tanking too.

11:14 am PST. Just closed my GDX puts for +175%. I will probably reload before the close.

10:44 am PST. My GDX puts that I bought Monday are up 150%. I am still holding on.

10:38 am PST. Silver is probably going to waterfall down tomorrow. The miners are already selling off more than the metals. Gold is just doing an intraday retracement. I expect another gap down tomorrow again.

6:57 am PST. IWM going for the upper trendline. Gold breaking down now.

6:38 am PST. TLT gapped down this morning as the dollar popped higher. I think we will go to 121.54 and then we will see how it does then. This morning is the first move down.