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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,166.40
(
0.51%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,145.46
(
0.21%
)
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ItsAllCyclical

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Re: Frank Pembleton post# 18223

Tuesday, 02/03/2009 3:18:21 PM

Tuesday, February 03, 2009 3:18:21 PM

Post# of 19037
Yes, those 2x funds are purely for ST trading. Otherwise I'd just short GLD directly or maybe GDX. I've taken the hedge off already. If the general markets continue up gold should come along for the ride. HUI does look ready for a big move I'm just not sure the direction. I don't think gold has more than $50-70 downside from here, but it could be enough to cause a drop back the low/mid 200's (HUI) especially if the market took the out recent ST lows. Still over 60% cash here.
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