How to Risk Manage Your Positioning During Bloody Bear Market Rallyes

The frequency and severity of days that have had intraday reversals on something monkey like spies versus gold is starting to add up, i.e. they're becoming a trend. Brandon from Charleston: How do you risk manage your positioning during these bloody bear market rallies? Charles Stinson: Well, I'll confess I don't own any stocks. Other than gold miners. And one thing I did change was that I finally stopped buying puts on the S&P every year. But basically, I have no exposure to the equity market whatsoever other than via my gold miners.