Posted by wbarclay on 16th of Mar 2016 at 11:53 am
For those who may still be holding DUST and/or other inverse
gold ETFs, do you plan to hold through the FOMC meeting? I've
lightened up because I had a lot and I wanted to lock in profits,
but I'm not sure if I want to hold through the volatility. I
believe that gold stocks will continue to drop before bottoming,
but there will definitely be some bounces and the FOMC may cause a
big bounce (or big drop).
I'm raising stops on these things (Dust/HGD) into the meeting.
If I get stopped out with a profit so be it. These
products can be wild though so another strategy would simply to
sell ahead of time and re enter at some point afterward.
Inverse Gold opinions
Posted by wbarclay on 16th of Mar 2016 at 11:53 am
For those who may still be holding DUST and/or other inverse gold ETFs, do you plan to hold through the FOMC meeting? I've lightened up because I had a lot and I wanted to lock in profits, but I'm not sure if I want to hold through the volatility. I believe that gold stocks will continue to drop before bottoming, but there will definitely be some bounces and the FOMC may cause a big bounce (or big drop).
Inverse gold products
Posted by pwb8 on 16th of Mar 2016 at 12:17 pm
I'm raising stops on these things (Dust/HGD) into the meeting. If I get stopped out with a profit so be it. These products can be wild though so another strategy would simply to sell ahead of time and re enter at some point afterward.
Smart call two hours ago
Posted by RichieD on 16th of Mar 2016 at 02:30 pm