My Current Porfolio

My current portfolio looks like this
AUG Put options @ 145 on GLD.  This has worked out well due to people selling off in summer.  I switched this with my 154 call options on GLD once gold hit 1555 last week.
EUO
Long Newmont mining
20% cash on sidelines
TZA & FAZ (we're not out of the woods with poor economic data.  Shorting the market until fed injects more stimulus)
Dec 2011 SPY Put options @ 90.  Long shot, but we'll see.  My take is that the market will start to rollover and the fed will inject more stimulus.  Trying to time this up with then buying call options on the SPY into 2012.  Then, I will buy more put options once we get close to a top.

Looking to buy more put options on LNKD.  This is very over-valued. 

Overall, cautious right now.  Still buying physical silver and gold. 

Europe

Still long EUO.  It is now apparent what was already apparent back earlier in the year that Europe is insolvent.  Even though Greece's eoncomy is about the size of Florida, there has been so much leveraging of debt that nobody is sure how many countries and companies will take a hit.  Probably will be the start of contagion.  Italy is now in the firing line.  Spain will fall as will Italy (eventually).  The dollar will be the safe haven.  HOWEVER, you need to start accumulating gold and silver.  Commodities that have always had value.  Do not rely on paper money.  It is intrinsically worth 0.  I now see that IF....IF the market begins to rollover (highly likely), then the fed will interject with stimulus.  This is game over folks.  They'll probably come in large. This created inflation will be directly affect 3rd world countries and others such as Russia and China.  What I think we're looking at will be a world war.  China & Russia (others) versus US (others).  We will see very high prices and extreme inflation as other countries sell the US dollar in their currency reserves.  This in affect increases our interest rates (means the fed has to keep printing).  We have 100 trillion due (medicaid, medicare, social security) etc.. 14.3 is a joke.  The fed will continue to print until the dollar is worthless.  Think about it.  There is no way out of this.  SOOOOOO..... start buying gold and silver no matter the cost on paper.  Invest in commodities and go long energy / natural resources AFTER the fed announces a new round of stimulus.  Could be as early as August.  Things are going to get interesting.  I'm not a doomsday prophet, just logical and very well read on many indirectly related topics.  It all points to another World War once other countries are fed up with our B.S. Monetary policy.  Talk to you soon...