Bigworld, Aren't you concerned that the fed will take further action in the form of QEIII? If they intervened before, chances are they will intervene again at some point.
Bigworld, Yes, nobody can get the market's zigs/zags right every time, so there is something to be said for just staying on the sidelines. Having a little gold/silver with the rest in cash hasn't been a bad strategy this year, all things considered.