$GLD $GC_F $HUI: Gold Bugs Index (HUI) is at the 600 resistance level once again. When HUI is at this price point, a short position in Gold makes a lot of sense. Essentially you short GLD or Gold Futures here, cover for a loss if HUI prints above the most recent high at 608.21, or cover for a gain (or place a stop to protect gains) when HUI tests support at 560.
A very nice reward to risk scenario here. These are the types of trades we like to take advantage of.