Gold stocks had a nice little positive reversal today. GDXJ outperformed GDX which outperformed GLD - a positive configuration. Venture outperformed TSX & almost recovered completely from another apparent bad day. These are all small things and not enough to ring the bottoming bell, but it does seem like an intermediate bottom in the gold stocks is very near.

I sold some calls on DUST - a 3X leveraged gold miner bear ETF. It's not for everyone - certainly not the faint of heart (it moves like a jackrabbit). I could simply buy NUGT (triple long), but I prefer to be short these leveraged ETFs because they are designed to lose value over time - and I like to do this by selling options because the premiums are high, & it allows me to be a little early/wrong and still profit.