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|Includes: DB Gold Double Short ETN (DZZ)

When I read so many articles that say "the gold bull market is not yet over" and "the dollar has much further to drop, go long gold" and when I see so many ads on TV encouraging you to buy gold, and when the small investor can get tiny little coins and gold bars over the counter almost anywhere, then I pay attention. 

To the contrarian point of view. 

A bubble is a bubble is a bubble.  How many assets have not had a down year in the last ten?  One:  gold.  When will this bubble burst?  When will the bull run in gold end? 

I don't know, but I am standing pretty much alone on one side of the dance floor without a partner.  Like any good contrarian, when I see that I am that alone, I think I am more likely to be right than wrong.  The long-term gold bull run may indeed not be over, but during these interim corrections of $50-$100 per ounce, I can trade the short side and make a lot of money on small corrections.  

So I am shorting gold for a trade -- that is I am buying the DB Double Leveraged Short ETN (NYSEARCA:DZZ) at $13.50.  If I am early, I will sell for minor losses.  If I am right, meaning if gold goes down, DZZ will rise substantially.  So, yes, I am taking a stand.  I would rather be trading the short side of gold than the long side.  I may get creamed having bought DZZ @ $13.50- $14.00, but I doubt it.  

Disclosure:  long DZZ; neither short nor long gold bullion or gold certificates.