shorting GLD

Everyone is so rabidly bullish gold which, along with its technical picture, ongoing deflation, and a general market rally, emboldens us to short it via the Gold ETF, GLD

GLD last traded at $86.23 We view this idea as high-risk, and the technical picture could dictate we close out at a loss should gold trade much higher, roughly closing over $900, which could easily happen imminently.


Please note, we re-posted our selling MGA +44% in 2 weeks, shorting DRI update to reflect the actual gain on MGA as of Friday's opening price (44% rather than 30%).



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