There is the chart of the IAU. It looks exactly like the chart for GLD, only the scale has changed. Yesterday we went short the hundred shares of IAU at $18.33. Last night it closed at $17.81, but I think it has a lot farther to go. The stochastic has finally begun to turn down from the overbought range. It could go all the way down to $16. More importantly though is that it will probably be quick, so we will have to be on our toes. Right now were just in a move the stop down to the 52-week high of $18.53.
Short 100 shares of IAU at $18.33
Stop at $18.93
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