Underwhelmed by GLD

By -

I'm pretty surprised what a lame-o reaction GLD is having to the strength in equities; it looks like the dollar's strength is getting the best of it. So far this morning, equities are strong (The Dow is up well over 100 points, and all my index quotes are green); as you can see below, SPY is kicking GLD's hiney. I'm throwing my GLD long under the bus, at a modest profit from Friday, and I've taken some handsome profits in DIG and SSO. I'm holding on to all fourteen of my lottery longs – – the sixteen in my 401-k are all in the green (the two extra being OIH and GDX, both long as well).