It is always a tough call whether to go for "timing the market" versus "time-in the market". The massive fortunes as well as the greatest losses come from timing the market, and attempting to time the market certainly much more stressful and at times soul-destroying if you get it the wrong way round when the market turns.
I'm out of gold at the moment though if I was holding I don't think I would be selling now - after a four-week rally on stocks the turnaround could come any day.
I also wouldn't be buying right now - rather waiting for a turnaround prior to entering. I wouldn't be surprised if we hit $A1000 an ounce before the bounce - but what a bounce it will be when the world realises we really are wallowing in the brown stuff.
