Same pattern in VXX, UVXY (2x), TVIX (2x), etc. If the market rallies then gold will fall, so the gold short (and Kinross) makes sense. Other outstanding shorts like GILD, TWTR, etc. will have to be scratched.

UPDATE: The Swiss National Bank messed things up ... volatility and gold jump, the broad market drops hard on their move. TWTR and GILD shorts benefit.