I don’t know .....ask Sky Pilot. He’s long on GLD and Euros right now. (snicker).
that would SUCK depending upon when those positions were initiated. I own modest amounts of gold and more, silver.
I think metals could go nowhere for years. I really do. There’s a possibility the EUR will climb from here, basically just the USD backing off a powerhouse run. I had a managed fund lose me a serious pile of dough going long the EUR over the last 2-3 months. I told the fund mgr he was a flaming moron. Well, not exactly. I asked if he was smoking crack. He didn’t take it well. Not well at all! Unfortunately, he did a lot of damage before I yanked my money.