ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

From the PM I just sent you -

The conditions are therefore believed to be ripe for a screaming short-covering rally, and the only question is whether it happens immediately or after some volatile zig-zagging around in the vicinity of these lows.

Action in gold suggests that it will happen almost immediately. Anything that causes a shift in investor perception could trigger it and once it starts it could be unstoppable for a while as shorts race for cover.

Just because the market rallies here or soon won’t mean the bear market is over. Although the rally could happen immediately, it might be preceded by some base building, ...

My plan is still to ride USLV and JNUG on the way up, then ride something for the above mentioned possible return trip back down, possibly DSLV and JDST.

I am already locked and loaded for the ride up. If you have some other ideas for the ride back down, I would be interested to hear what you might suggest.

GLTY