A new 5% tranche short on GLD right here at $167.82.
The plan is to build a new short position in GLD starting with the last entry. The plan is to build the position slowly if gold continues to go up all the way to $1825.
Our stop zone will be $1826 to $1865. This is a medium term trade and the risk of loss is high.
Those holding an existing short position in GLD or gold futures may want to adjust their position based on the principles taught in Bullet Proof Your Portfolio seminar or in the alternate, by properly using ZYX Change Method Trade Management Guidelines.
We will be closely following this trade on the ZYX Short Sell Change Alert.
