volumes persisting, page-3

With MQG, I'm retaining half my holding and have written a 55-60 strangle for over $7.00 for reentry or exit on the basis it should range trade for some months.

I'm poised to sell some Qan puts as a possible entry at $3.00 - I suspect oil will come off in the northern summer (again perversely)

I may revisit AMP by selling in the money puts next time it falls down to $7.25 (third time trade)

I'm staying clear of ANZ but will revisit WBC and CBA if they get close to previous trading low, as sort of Fibonacci retracement seems likely.

Otherwise I'm a bit inclined to buy a large boat and go sailing until October and come back into the market for the next major bull market leg in resources.

I confess the only other time I've felt bullish about gold was in 1979 when I picked it perfectly but hadn't enough starting money to make a real difference.

I'm uncomfortable feeling positive about gold at a seasonally weak time AND being bullish about a rebound in financials. I just think this whole inflation thing is a lot worse than the stats are aying, and its been so long since we had decent inflation that quant models don't allow for it as a swing factor in market P/E movements as they should - quant did not exist in the seventies because we didn't have computers!

I see gold has edged back a bit despite further oil rise.