DZZ(Double short GLD) is reaching new all time lows and is in a short term downleg as GLD is breaking out to new highs ! I don't see any possible bounce for DZZ until $15.75-$16 level ! Wait for more downside before stepping in. For those holding DGP(Double long GLD) , I don't see the rush of selling them right now. I believe that Gold will pullback when US equities will top. In my view equities won't top out before end of month!
