GLD Update

I'm still holding DZZ (2x short gold ETN) as a trading position, more or less as a long swing trade.

Gold has had some very strange price movements, but whenever there's any doubt about a trend, I go to the longer charts and look for underlying action, it's pretty clear in GLD still despite this funky volatility.

 This is that lateral , funky volatility, it's stage 3 and I think you know where I think gold is headed.

 The 30 min chart confirms my suspicions/positions.

As does the 15 min

And the 10 min and several others even though there's some craziness short term, I think this makes for a good swing PLUS short trade.

So I still like GLD short/DZZ, but prefer not to use options here.