5. Sell OilHere is another potential 60 mph train that might be real. Just look at the weekly chart for the U.S. Oil Fund ETF ( USO), which has risen 46% since Feb. 26.
The yellow metal is hot as uncertainties about the fate of the U.K. and European Union swirl. Here is how to play it, no matter what happens.
In trading on Monday, shares of the ProShares UltraShort Gold ETF crossed below their 200 day moving average of $91.62, changing hands as low as $91.43 per share. ProShares UltraShort Gold shares are currently trading down about 2.4% on the day.
Excessive brinksmanship sets up contrarian trade opportunity as heated debate boils over in the precious metals market.