I'm going conservative here, but I felt that I needed a position on here to continue to put down my thoughts on why G0ld is going down.  I still own a GLL position since my previous posting, and I was wrong!  In that time, I would have been better off going with the trend and buying gold, but I think my timing was off.

Today is a great example of a down market where you would expect many to flock to gold, but instead GLL is up.  It is the 2nd or 3rd time this has happened in as many weeks. 

TV commercials, ATMs, and apparently even Wal-Mart want you to actually buy and sell physical gold so that you don't miss out.  I'm not saying that Gold is a commodity item per say, but maybe a bit of the buy on the rumor, sell on the news.

 Everyone knows that gold has been up...yes, even that person.  Buck the trend, short gold.  All the buyers are in the market already.

(Most people will tell you that I'm crazy and that Gold is going up, up, up.  They are probably right, but I'm hoping that the selloff will be sweet!)