I’m Not a Gold Bug…But

I suck at trading gold, but I am good at other things. Charts usually show me the way, accompanied by my own macro thoughts on just about everything from Europe to chinchilla farms.

If the charlatans in Europe fail to impress this weekend, there could be a massive sell off in the Euro and a major rally in the dollar, as well as treasuries.

Anyhoo, this is what gold  $GLD looks like.. bear wedgy- ish

Gold ETF
Gold ETF

…and if it does fail, this is how I will play it, $GLL bull wedgy-ish

Double short Gold ETF
Double short Gold ETF

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