PGI Strategy, page-19

I may suggest one answer: Sell the hedge on Yellen's announcement of the US Interest rate hike which has been the most "telegraphed" announcement of all time.

At this moment gold should take a sudden drop but as investors realise that the rate has changed from nothing to next to nothing we should see gold reverse direction and head north very soon afterwards.

Then as investors realise further that the US is not in.any position for the Fed to raise rates much more then gold should rise substantially.

Plus, around this time, we should see the Greek tragedy unfold.