Out and In

Captain Murphy: "All that damage you caused downtown is coming out of the department's budget."
Roger Murtaugh: "Fine, pay it off in Krugerrands."
--Lethal Weapon 2

Kicked my energy exposure this am into the continued strong move in crude as we are right around a double top on the daily charts.

However, in early afternoon noticed that a longer horizon paints a more bullish picture. Should crude break decisively thru 90, it has some running room.

As such, re-entered a bit of exposure late in the afternoon. May try a pyramiding approach similar to the silver trade a coupla months back should crude get its groove on next wk.

Should also mention that commodities in general are smokin' once again, w/ both gold and silver knock, knock, knockin' on new highs for the move.

position in DBO, RJI, gold, silver