Yes, a small position which was mostly closed out yesterday and completely today for a tidy profit. This is trading based on experience; it isn't necessary to be long all the time in paper gold. I will be buying GLD puts above $2,100 and selling vertical put spreads below $1,700. Any physical metal is still not for sale, nor will it be anytime in the foreseeable future.

Gold at $1,913 was a 423.6% Fibonacci projection from the May 1st to 5th decline. The spot price drop from August 22nd to today's low of about $1,740 is almost precisely the 261.8% Fibonacci projection from the same fall in May. That's my short-term technical trading.

My stance has been, since the beginning of this thread, that gold would decline heavily. The point was that the decline would be temporary on the way up and that what the bears were clamoring for as the death-knell was just a warm-up.

Long-term, I still view gold as eventually being reintegrated into the global monetary system as a floating component. That will occur at a much higher fiat price for gold than we have now.

For a centralized clarification of these views, here is a link to a collection of analyses preceding Jackson Hole.

All this while waiting for Bitcoin to grow.