On gold you will be burned in the short term. As the market rallies gold will retreat to the $330 level. Gold producers I would expect to rally however as shorts are chased out of the market.
Remember the old addage - when its in the papers its too late to profit from it...Its the same with the bear market and crash talk. As soon as the average guy is all geared up for bears the market will turn on its tail and head back up.
Dont get me wrong - I am also a long term bear - but not for the short term. When we reach upside market targets over the next year or so I expect a mounting selloff back to new lows to be rapid.
I dont trade for the long term short or long term long any more - Reading the mood and riding the volatility is the key.
