The Gold-Plated Falling Knife
Although I dumped my GDX long earlier Tuesday, holding it for not even half an hour and blowing up $400 on it, I did (foolishly) enter a long GDX call position in my options account. I know I’m going to loathe those in the morning. I really need to stick to “pure bear.” Serious support for gold doesn’t exist until probably about $1100 or so.
Read More: http://economicrisis.com/the-gold-plated-falling-knife/10553