Riding The Gravy Train: Gold & Russell Triangles, TZA

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Monday, July 15, 2019

Gold & Russell Triangles, TZA

Triangle patterns tend to resolve in the prevailing direction.

For gold, that'd be upward:

For the Russell 2000 small-caps index, and likely for stocks overall, that'll be downward:

TZA is a 3x levered effective short on the Russell small-caps index.

TZA closed today at $45.88 and we love it at this level.

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We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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Riding The Gravy Train

Monday, July 15, 2019

Gold & Russell Triangles, TZA

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