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I have added to my short exposure on the 14-plus handle rally in the S&P 500 Index from the lows.
The SPDR S&P 500 ETF Trust ( SPY) hit a $211.21 low and is now trading at about $212.70.
However, my long in Hartford Financial Services Group (HIG) is not so great, bidding $42.60 now.
As I mentioned Wednesday, the case for gold is growing more positive as the price of gold retreats.
I have been adding to my SPDR Gold Shares (GLD) long (3-Day Rule) over the course of this weakness.
This morning, the price of gold is up $7.30
I also have been adding to my iShares China Large-Cap (FXI) short as I believe the consensus view that this region is recovering at an accelerated pace is wrong-footed.