Heads up. It looks like the recent Gold rally could be pulling back. Stay tuned for a buying opportunity in the next few weeks. We'll test 80, if that doesn't hold then maybe 70. The more I read, the more I think that I might be a little early on this Gold trade so I'm not going to chase it. I'm planning to buy a 1/10 position at every weekly chart bottom in 2009 and 2010.
As for the broader stock market rally, I think it's short lived. Fear, as measured by the $VIX, has definitely subsided, but my gut says its a sucker rally. It appears we might be just waiting for an excuse for fear to spike again. I'd say if you want to lighten up on something, now might be the time.
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