The gap down in gold the other day has now been open for 3 days. This is sufficient evidence for me to test the waters on the short side via punting gold short via the Powershares gold double short ticker DZZ here at $8.97.
I hate to do this, being short gold, but I cannot help myself.
Daily chart below of DZZ.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
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Long 1 unit Powershares Gold Double Short @ $9.07 stop @ $8.67
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