Every time the baldy pumps Gold, we know it is time for profit taking and a mini slide in Gold prices. When I hear the baldy say 'buy Gold', I run out and buy GLD puts:-) Worked like a charm last time. LOL
I am holding on to my gold miner's, but am 80% in cash. If gold break's support at 1575, probably 100% in cash. The tea party is bearish for all market's, imo. The tea party is Herbert Hoover on stearoid's.