December Gold is closing on a downside target we’ve been using for a short position entered by subscribers more than $100 above the current price. I’ve suggested in today’s Comex Gold analysis a hedging strategy with GLD calls that can be used if and when the target is closely approached. Independent of this recommendation is another that would attempt to leverage a more immediate bearish target in GLD itself. This can be done either by buying the ETF at or very near the targeted level, or buying call options when it gets there. For details, check out the GLD  forecast and analysis elsewhere on this page.