Long term bonds traders are fleeing after Ben Bernanke's speech. Next week when markets open in Asia and Europe, they are going to dump US bonds for stocks and gold for the protection of QE 2.0
I'm now betting with my GDX calls.
Gold so far in this year broke new high for only one day then pull back 5% afterward. The big pullbacks were all near future expiration. Will it repeat again?
Will gold get hammer this time? Buy some puts to protect gain?