Gold Saved By The Sabers

The most plain-spoken talk about a military attack against U.S. interests in decades has the ES plunging… let’s see... a third of a single percentage point as I am typing this (and I would note the highest point in human history was just yesterday). So, umm, yeah, not exactly panic.

I am at least relieved that I covered my GLD short late yesterday for a small profit. I had been long DUST and JDST, but during my tasty trade show I wondered out loud why I had doubled up on something so redundant – which compelled me to sell DUST (at a tiny profit) after my show was done. So at the moment I am still long JDST only, which may well get stopped out if gold continues its strength (shown below) created by all this “end of the world” chatter.