[Liaptoono]

I trade swings with paper. Bought SLW and XRA on yesterday's plunge. I think yesterday was a good entry point, but would welcome a further drop to $1600/$30 to further increase my paper positions. I do not touch GLD or SLV, since no paper is a substitute for physical.

I have a core physical position, none of which will be sold in the forseeable future, if ever.

Paper is made for trading. The transaction costs are far less, it's more timely, and it's easier to execute. If paper blows up some day, so be it. That's what my physical is for.