I sold my SKF @130. Bought it at 70 last year, so I’m good.
The ProShares Ultra ETF’s magnify any volatility in the market so they are not for the faint of heart; or something you want to hold onto forever.
There will *always* be bear market rallies. Thanks to all the cheap money from the Fed the hedgies have lots of liquidity to play with, so we are sure to see lots of short squeezes and commodity inflation as the market makers milk the herd. Especially since everyone and their brother is shorting the banks these days.
Gold will have up and down days as well, so any big drop I see as a buying opportunity.
