Slope of Hope Blog Posts

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GLD and UNG

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I've got two large positions – a long and a short – I wanted to mention on this relatively quiet morning.

The first one, a short, is for GLD. If it breaks below 89.95, I think it's going to be nicely on its way.

0708-gld

The other is a long position, and is deliberately a shorter-term one, and that is the poor old battered UNG, down over 80% in the past year. I think it's due for a bit of a recovery, but no further than the circled area.

0708-ung