SDS…Gold…Position Update

Looking around the board we’re close to playing the match game over a wide array of asset classes.

EFA, SPU, DAX, Euro Stoxx 50, Oil, USD/CAD, AUD/JPY, 30 Yr Bonds, Gold…

We’re coming into go or no follow through territory.

SDS…the Equity Indices aren’t backing off. If they start up in the afternoon session I’ll take the Hit in the SDS
and wait.

Gold..long Gold is a risk on trade at this point. Raise the trailing stop to 1604 intra-day.

TBT…closing under 145.04 in the 30 should give way for a move to 17.44 in this ETF

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