Cave's Picks 9/23

BGZ is still a hold.

General Markets busted through its "chop zone".  I can see the market retesting its 8/9 lows.  Possibility of oversold being even MORE sold so going long is not recommended unless you're already in an inverse etf of some sort.  Gold and silver is now a sell for me.  With dollar gaining strength and fund needing to raise cash to meet margin requirements, I see precious metal getting sold off like 2008 in the near term.  Long term aspects are still intact, its just not worth holding since the inverse ETFs can make u a solid gain right now.

FYI - BGZ is an inverse times 3 Russell 1000 etf.  So when the market crashes ... this roughly gains three times the percentage loss of the Russell 1000 Index (Big Caps). 

I think you can probably throw a dart at any of the short ETFs

LeRinkRat, thatz a point, but I'd argue its not a good point.  Look at a Nasdaq chart and glance over to a S&P 500 chart.  You see how the market has chopped over the last six weeks?  But the Nasdaq has had higher lows vs the S&P500.  That says strength ... so when the market sells off, I want my money earning me the biggest percentage gain possible.  Given the strength in the Nasdaq over the S&P500 the last six weeks, I will take a stab at an inverse ETF thatz not the SQQQ (Nasdaq times three inverse).