Thursday, August 11, 2016

August 11, Gold Horn

DJIA 18,614 +117.86
NYSE 10,836 +61.17
SP500 2,186 +10.30

DGLD 42.25 +0.78. 3x inverse gold. Bought at  $41.44.
SPXU 23.01 -0.30. Ultra short S&P500. Bought at $22.98.
Looking to sell both positions tomorrow (Friday).

Gold made a horn and proceeded to sell off, following silver and platinum lower. When gold failed to keep the gains of the day, went short.

The broad market indices, having slowly sold off over the past couple weeks, were higher and were showing the up-strength was wearing thin.

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