EUO is back up this morning as the Euro weakens. This type of market activity ... up down up down is not good for markets as it scares away investors. I am fairly convinced we are going to see a "down" period in both stocks and Gold and Silver as well as a strong period for the Dollar. I intend to hold my short Euro position ( long EUO ) but I may reduce it a little in order to free up funds to buy ZSL. If the markets fall they way I expect ZSL and EUO will go up but we could see a 20% move is ZSL versus a 10% move in EUO. I also have a position in physical Gold and Silver which I do not count as trading but sometimes it doesn't hurt to hedge that position by buying ZSL.