No it is not too late, but historians may be able to give you a more definative answer in several months or a year or so.  One thing you have to keep in mind when buying mutual funds for what is probably a trading position is the early redemption fee's.  If you buy thru Fidelity there is a 1% erf to fido for selling in less than 6 months.  BEARX also has their own erf if the fund is held lees than 30 days.  I am not sure what GRZZX's erf, if any, is.  My personal opinion is that either one will be a sound investment for at least a few months.  Fwiw I bought BEARX for my wife's IRA this morning.  BEARX gives her some precious metals exposure as well as foreign currency along with the shorts.  GRZZX in more of a pure short play.   I no longer play with the 2x inverse funds.  They are too volatile for me to make money on.  I am sure there are others that love them, but I prefer a managed bear fund.

5 & 10 year treasurey rates went down again  today, while gold bumped up a little and the USD went down a tad.  The USD is near the top of its recently established 2 point trading range and just below significant resistance.  The short term path of least resistance for the dollar is down at this point.  Some folks expect the USD to drop right thru the trendline support, Others, like me, expect the dollar to at least pause at the bottom of the trading range.  It usually takes a couple weeks for the USD to move 2 points, so we should have some more answers on precious metal about a week from monday or just in time for the July thread to be started.  Meanwhile precious metals should go up for another week or so.  As always, nothing goes up in a straight line.

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