In the metals complex, he suggests a trade representing 15% of the portfolio, with 10% in SPDR Gold Shares (NYSEArca: GLD), and 5% in ProShares UltraShort Silver (NYSEArca: ZSL).
ProShares UltraShort Silver is designed to produce daily returns that correspond to 200% of the inverse performance of silver bullion.
Kimble said he would reconsider the position if silver blows through $53 an ounce.
Full disclosure: Tom Lydon’s clients own GLD.