iShares Silver Trust (SLV)

[True Blue]

I will tell you my rational. First, I bought the calls to front run the Chinese GDP number because I read this article a few weeks ago.

http://www.nytimes.com/2012/05/22/business/global/chinas-premier-open-to-stimulus-steps.html

I was betting that they have slowed more than expected.

http://money.cnn.com/2012/07/12/news/economy/china-gdp/index.htm

So now I wait until Sunday to see if China reacts. Then the whole week is filled with financial data and some of it, maybe most of it, will be soft. You see, in the FED minutes it said they were ready to act all they have to see is weak data. We will most likely hear language from Bernanke refering to easing. I hate to say it, but I think you are dead wrong about the FED. I dont think they care if its an election year. The dollar is flirting with prices that usually are tops in the market. If the FED wanted to react they would do it in the face of a strong dollar.