We were stopped out of UGLD this morning at $10.24. Gold made an explosive move lower, despite supporting indicators, which leads us to believe that it may be headed to a lower daily cycle low before beginning the ICL. We’re going to exit JNUG here as well, despite being well above our stop level. We’ll reevaluate over the weekend. Sold UGLD @ $10.24 Sold JNUG @ $13.75