stocks very interesting article. I follow another former posters blog who feels the same way about gold (and etfs) that you do. He preaches futures rather then etfs due primarily to liquidity.
One question, is your statement regarding etfs, extending to the negative correlated ones. For instance SQQQ a HIGHLY leveraged and risky etf. Even if it is downside are you saying that in a flash decline the market can simply say tough luck the etf gets nothing. Is that because of the leverage?