Professor’s Comments November 19, 2013 1pm Update
Posted by OMS at November 19th, 2013
I’m looking to short a few shares of RGLD if the 5s turn negative.
More aggressive traders might want to look at buying DUST long, but only if it were closer to 35.20.
DUST is a 3X short gold ETF, so if you want to short gold.,.please be careful.
With the above trades, I’m betting that because gold has broken 1300, it will now trade down to 1150.
Also, I’m using a very small part of my portfolio for this trade.
I also bought a few shares of SDS, the inverse S&P 500 at 31.84. I talked about how I believe the S&P is near a short term top. If it starts to break down, I’ll add more to my position.
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Category: Professor's Comments