Came in short SP futures 1%, holding 4% SDS, and 2% DZZ the short gold ETF.
Stop on futures is any 30-minute close > 1102.
The gold short was put on because gold is close to old highs from June. Old high was 1264.80. Last night's high was 1262.70. Stop is 1266 GC futures. The sentiment polls are off the charts for gold and gold bears are not talking. When it gets to be PC to talk about a position the end is nigh.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment