Something funny about all this. Short price collapse was predictable.

TRE is going down to 6.50 with gold breaking out. If TRE does not turn at 6.50 it is headed straight to 5.

One wonders what the excuse will be when TRE is at 5 with gold at 1650. Can you imagine if this happens what the value of TRE will be if gold then corrects $200-300. We will be back down to 3. These are all facts.

The shorts are getting blamed for much too much here. There is another underlying problem that has not yet surfaced. Better load up on puts to hedge.