Gold was soaring this AM and followed by a sudden downward reversal and then upward reversal making for a nice LONG then SHORT and then LONG again!
Between 10am and 10:30m GLD shot up from about $72.20 to $72.60, then reversed direction and headed straight back down to around $72 by 11:20am. It then proceeded to bounce back to $72.55 by around 12:30pm, nearly its earlier high!!
So had you been watching GLD closely (I had the chart up but failed to act on it)...you could have made about a $1.50/shr total going LONG/SHORT/LONG.
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