If you haven't been following this move in the futures market its a pretty big deal. Gold has officially taken out its recent support and if you read the chart correctly you can see that it way more bearish than bullish. So why is this a big deal? because if you have seen the last time gold broken a serious support level the price fell (1500usd) within 1 week the metal tore off 200usd from its previous levels within the first 2 weeks. Now thats some serious money. Not everyone can afford to play in the gold pit just because of the price but there are numerous ways that profit from golds further demise. how?  through miners and ETF such as DUST or NUGT. I personally am using GLD (gold etf) with put contracts to risk a little and make a lot. Also put contracts mitigate my risk a bit because we all know how trading goes....anything could happen. So by using put contracts that limits my risk cause if i were to straight up short it then that could catastrophic to my account. So I purchased 20 put contracts for 3200usd to short 218,000usd worth of GLD. So the worse that can happen to this trade is I lose 3200 max instead of ? if i were to just short it. Anyways lets see if this trade works out. Risk vs Reward is the game and as long as your risk is defined you will always win in the end