I've played GDX and GLD many, many times,in both directions, usually with good success. I covered big GDX and GLD shorts yesterday for nice profits. However…………
I've had "Gold is heading below $700" on the brain from STU for a little too long. They keep harping on it, but the simple fact is that the US Dollar is getting turned into toilet paper, and gold will tend to move the opposite direction. Earlier today I got into a big GLD long position, and if GLD can cross $99.33 and then, even more importantly, $100.44, this could be the start of a very powerful move higher.
