RE:RE:Assume the position....What good is gold if everything goes over the cliff? If you look back at 2008 when the system nearly collapsed, gold tanked too.
I'm looking forward to loading up on a couple of miners but not until things tank and the FED folds for sure.
We live with a "risk on" "risk off" casino of a so called market so when they panic or something breaks, everything will get sold. I have nearly 5% guaranteed in T bills laddered out to 1 year. I'll take the sure thing for now until I'm sure the FED is going to fold.
On your SPXU....I'd be ready to double up on the CPI report at 8:30 am on Tuesday. A hot print will see some serious selling
Right now I don't hold anything very long. If I manage a gain in a short I'm quick to bank it. The volatility can kill you if you're not quick
That being said....I also agree with Dave Rosengerg who thinks we have 30% to the downside so if you can handle the gyrations holding a small SPXU for a double is very possible