On the gold front, I sold my Spyder Gold Trust ETF (GLD) puts for a huge loss. While I still think there is a good possibility for a 20-30% correction in the precious metal, I believe it has to form a double top first. Since gold was down slightly this morning, I covered my shorts and got long, looking at the $1900-$1910 as my short-term target.
This is not a recommendation to buy or sell any securities. DAK was long GLD at time of publication but positions can change at anytime.
This is not a recommendation to buy or sell any securities. DAK was long GLD at time of publication but positions can change at anytime.
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