Also the commodities are bearish in consideration the European Union crisis..
What a lot of people doesn`t know is the strong correlation between the EU and commodities (like gold, silver or some other commodities). If there`s not soon a solution for this crisis, the worth of these securities will come more down... just fact!
Well lets take a look to the GLD ETF. Its not the same as Gold, but in average theyre even.
I went short @ 153.70.. The current price is 153.50 and i think we're going lower with this ETF.
I bought additionally a put with the strike of 150 USD (17. Aug)
Option execute price @ 1.46
actual Optionprice: 1.54
