Pre-FOMC Minutes Trade

Over the past few months I have begun trading economic events using triple leveraged gold mining ETF's. One such trade presents itself today.

The precedent here are the previous FOMC meeting and it's respective meeting minutes release (Fed meeting and statement on 9/17/2014 and the meeting minutes release on 10/8/2014)

Like most I believe the Fed will continue to tighten it's policy (be hawkish), this would cause precipitation in the price of gold and of course gold mining ETF's. The catch is that although the statement on 9/17 appeared hawkish, the minutes released on 10/8 appeared dovish and caused massive gold futures buying (followed by the subsequent sell off of gold assets for a bottom on Nov, 5th.  So you could call this a two week trade from today (11/19/2014 1:40PM)

I'm buying a triple leveraged inverse gold mining ETF (if gold drops, it will go up in value) but only 1/2 position pre-2:00pm. Should the meeting minutes be dovish (following the precedent from the last meeting) then gold will get bought up leaving my triple inverse ETF to drop significantly, which is the exact time I will double the position (at the end of day) at that point I will expect gold to sell off similar to the last FOMC meeting minutes release, bring the trade into profitable territory.

If the meeting minutes are hawkish, I expect gold to sell off and the inverse ETF to increase.

Best