Gold Underowned

Early in the week, it appeared to me that gold was topping out, at least in the short term, so I liquidated most of my GLD calls.  I blew out the rest on Thursday after the $35 plunge.  I have long-term positions that I have not touched.  I will look to re-establish positions in GLD calls in the future.

Paul Kedrosky has an excellent post on gold being underowned compared to the last big financial crisis.

Average rating
(0 votes)