Does DZZ drive the price of gold? How many clever speculators have been waiting for gold to fall, especially with the price rising almost exactly to a 423.6% Fibonacci projection from the May 1st to 5th decline? If gold retests its $1900 high, how many of them will panic and sell DZZ? When has it ever been good to ride with the masses, much less try to catch a falling knife (DZZ)?
everyone knows that "investment" or speculative demand is driving gold. when you see capital flows (as you've said many times in this thread) go into a speculative investment that uses a leveraged position to short gold, you'd be crazy to ignore it.
The tail does not wag the dog. Here today, smoke tomorrow. Just cash in while you can - I'd sell most of my short positions now. That's the voice of experience: you don't forget losing a one week, seven-figure profit in a matter of hours.
who's losing that amount of money in a matter of hours?