Monday, April 15, 2013

My downside target on GLD was triggered today

so for now I'm opening positions in NGUT for the short term. My concern is I think /ES is headed for low 1100's in which case gold and associated etf's may very well flat line until the equity slide finishes. The $RUT will probably see the most damage in this down turn so I'm also long TZA as well.  Obviously don't listen to me (goes without saying) just my personal thoughts....

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