This was the move I was hoping for yesterday as I didn't want to chase GLD lower for a short which was a good idea considering today, however this may open the opportunity I was looking for yesterday which may be GLD Puts for a shorter term or swing trade or perhaps the DZZ (2x leveraged Short GLD ETN long).
I'm just finishing up with Leading Indicators, I'll have a GLD/ GDX update right after.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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