It's best to not worry about it and just turn your losers to winners. I am still holding my GDX long to $22 by July 21st expiry. That was the reason for the short in SLV in the first place...to hedge the rest of my long (and now wrong!) trade in teh sector. With my 200% gain in my SLV short position today I could take half the SLV short away and honestly...who gives a shit what happens to GDX now...right? :-) I do, only I can "save" the sector. Make sure you stop by my blog often or follow me if you want to see me do it. Check my comments as my "add to" in GDX will be an update to my current blog...and not a new blog.
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