### Comment:
I sold my 08/16’s today. Kind of kicking myself for not just dumping the entire position but the remainder are all 09/30’s.. we’ll see.

### REPLY:
With central banks both: 1. Buying gold themselves 2. Racing to the bottom with rates, I think there's still a ton of long-term upside to both GLD and SLV. Not a whole ton of downside short of the entire world debt situation resolving itself in a wave of sudden fiscal austerity combined with coordinated rate raising. A lack of nuclear war in India would also be key in that scenario.

### END.