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Calling A Peak In Gold Volatility

|Includes:SPDR Gold Trust ETF (GLD), GLL, SGOL, UGL

Sell ETFS Physical Swiss Gold (Amex: SGOL) and cover shorts of Proshares Ultragold (Amex: UGL).

Since March 25, 2011, we made 12% while the price of gold fell 3%.

Gold is getting to a price where it is a buy, but I wouldn't buy yet.

Disclosure: I am short UGL.

Additional disclosure: I am trading gold in a trading range.

Stocks: GLD, SGOL, UGL, GLL