My, shall we say, mixed feelings with respect to precious metals found a way to express itself late yesterday as I entered a very large short position against GDX (almost as big as my original PALL position). It’s heartening to see this going the right way.
Indeed, DUST, the leveraged instrument that is bearish against miners, actually bottomed on MONDAY, which is pretty interesting considering what an insanely strong week GLD, SLV, and PALL have had.
Fake Tim picks up the story.
