Huge Volume In GLL, Inverse Fund

Two opposing sides.

You’ll need to decide for yourself whether this report from yesterday, or this link from Greg Hunter, is the ‘minority report’.

Which one presents an accurate assessment of the market at this point, or are they both right?

A final check of Hunter’s site prior to release of this post, we find yet another interview on gold, link here.

On the first link (above), go to time stamp 12:50, for the gold miners.

For the second link, we have the entire 53-minutes.

With that, let’s look at the short side, what the speculators and professionals are doing.

Leverage Inverse 2X, (GLD), GLL, Daily

GLL, is 2-times the inverse of gold (GLD as proxy).

The update on March 14th, link here, showed a measured move target for GLD (blue arrow).

The chart above speaks for itself. As gold (GLD) moved higher past the measured move, with GLL continuing lower volume has increased dramatically.

Of course, this does not guarantee anything.

What it does tell us, is that someone, or some entities have all-of-a-sudden, started making bearish bets on gold (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279