What I'm doing ahead of the Fed

Got a half position short on SLV from 32.05, took 1st half off on move to 31.90. Remaining portion in the money stop at 32. It's trading right around the 50 MA on the hourly so it could drop further like yesterday, but chances are it lingers here until the fed.

Here's a great interview with hedge fund bad ass Ray Dalio. I met him at a hedge fund conference back in 2007. He was a real nice guy, very down to earth, and reminds me of my high school physics teacher.

http://pragcap.com/deep-thoughts-by-ray-dalio