I initiated a relatively small diagonal spread on SLV and a short term (sept) calendar spread on the GLD when gold was trading at around $1,900.
I wanted to have a reasonably small risk on those positions, and hoped to grow them bigger, but funny enough, the market decided otherwise, and gold had a reversal just a few minutes later.
Given my trades, if SLV and GLD fall too rapidly, I will actually make very little money. But if they fall say mid-September, then it will become a very profitable trade.
Wait & Pray.