$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. 

$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. 

Tags: gold gold futures gold bugs index