My theme late has been “bearish precious metals, bearish equities, bullish US dollar.” Two of those three are going well right now, and I suspect equities will shake off the Clinton Ecstasy in short order when they realize what horrors lay ahead.

As for gold, I’m short GLD and GDXJ (the junior miners). My belief that gold’s countertrend rally would poop out around $1300 seems to have come through.

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