what will you do with $100k?

optiontrader

But I've been wrongly calling the top of gold (George Soros, seems to be doing the same, LOL) for awhile now...

It's due for a drop, and the price action/volume is pointing to some technical signs for a breakdown. On the sidelines for now, but DZZ's on my watch list - only concern is it's thinly traded.

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travisjb

cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go

In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite...

And then you can simply look at a 7-year chart

I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh

Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid

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Lemers

$100k is life changing money so I'd pay a few bills off. Develop a long term diverse investment Portfolio. And put some cash in the bank for emergencies.

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optiontrader

Absolutely agree - not that worried about the volume on DZZ, the low volume just makes the bid/ask spreads wider than I'd like (vice shorting GLD). I know that spreads aren't much compared to a ride if gold hits $1500/oz; but it's easier to manage P&L in a volatile market if you've got a bunch of people in the game; I can't watch it as religiously as I'd like with the day job.

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Isamu

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