Gold peaked a full three months ago, and it has been trying to find its way ever since. My disposition is that it is about to weaken again more persistently.
You can see this expressed in the bearish fund DUST, which goes up with gold miners go down. It’s up about 25% over the past couple of weeks, and I think it has plenty to go.
I just shorted GLD with a stop at 428.55, just above the price gap.
