Gold Busting Higher
My ABX calls are up 62% right now from yesterday’s buy and I bought some DGP as well.
Gold was mentioned as a potential buy here and here.
I said it last night…market is coming back to reality this morning.
I was heavy short which means every investable penny I have was positioned short. I reduced that exposure this morning to around a medium position. Covered my SKF and TWM positions (a little early), but I just wanted to get smaller and less committed in case I was wrong. I don’t want to look a gift horse in the mouth with the RUT down 2.62 or 5.2% right here. Its likely though the fear will materialize today.
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