I've had a good think about gold, and I believe it's now overbought and due for a correction back to 1650-1700. When or how this will happen isn't clear, but it will probably be on the back of some global financial news, eg; QE3 announcement (liquidity injection to boost equity markets, diverting capital away from safe-haven assets).
I bought SAR yesterday at 70c, and will try to sell today for a few percent gain, either in cash or a free carry of trades to add to my position. Barring announcements, I am not recommending trading gold producers with the metal looking almost parabolic - the risk is now too high.
