I agree with all your points and more. I am very long gold, but I am actually buying Put options on Gold futures and also the US indices.
Last night was very kind to my S&P500 and NASDAQ100 Puts, but you're right, there's a lot more data coming up that's important. But history and extrapolation of many other data points suggest what's coming up next is looking very grim.
And being so long on gold, I consider it prudent to be hedging the gold price also. That protection doesn't cost a lot. And I hope to lose money on these Gold Puts.
SPR Price at posting:
$1.22 Sentiment: Hold Disclosure: Held
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