Update on My Gold Positions

I started a position in GLD and a few miners last week, all of which are getting C-4d today amidst the market sell off. Deflation is the rage, as the dollar grinds higher and commodities lower.

My losses are being offset by my 20% weighting in my FCX short, which is circling the drain.

Bear in mind, my position in gold isn’t a trade, but more of a longer term thesis trade headed into the fall.

Should TLT start to trade down, which would be entirely nonsensical given the risk off environment, only then would I be exposed to loss.

With 25% in cash, I am looking forward to allocating money into the SPY, but only after a sharp decline.

Without question, we are at the doorstep of a sharp decline, similar to what H. Clinton faces in the polls.