Short gold below 1300, long silver from 19.
Gold will only dip below 1300 so many times before it breaks out. Hedging my position every time it dips below 1300 from now just in case it keeps going south. Will close out my gold short above 1300. This tight range can only last so long.
Cash on the side for gold shares which will be even more discounted if this thing crashes again.
GLTA
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Short gold below 1300, long silver from 19. Gold will only dip...
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Paul Rennie, MD & Founder
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