Gold - If I was looking at just gold by itself I'd be fairly bullish here (w/a stop under 910 or so). However, I really don't like the general market and gold rallying together under the premise of (recovery and/or hyper-inflation). There's no way we go from this much deflation to massive inflation that fast. Most of the money is still stuck in the system vs being lent out. It's just a paper transaction for the banks to show that they're not totally insolvent. I have a bit under 10% PMs in my main trading account (two small cap gold plays where it's more trouble getting in/out). I also have some physical gold/silver, but not enough if gold cracks 1K. Going to continue to watch for now. No shorts either, just sitting on some cash and working on the golf game. The wild card is if confidence evaporates in the US Dollar ST, but it seems to me that if Ben wants to force money back into Treasuries they merely have let the market fall (ST of course). Action in markets seems more and more surreal by the day.
Starting to relax a bit as it's a first time in while that my account has stayed w/in the same 1% range for a whole 2 weeks. Don't mind as I'm on track to repeat last years gains, but so far w/less volatility.
