Longer-term trades and idea are hard to trade and even harder to sit on. But I believe that short GC is one such trade that we should sit on even we are sitting on a cactus (and having to bite another just to maintain the trade). I also know that there are a lot of arguments for why S&P will collapse (especially the very popular analysis of correlation with 2 other crash period. Yes, I read it) and why Gold should move up because of that. If I am wrong, I will argue, that's what the stop is for. For now, I go with my thesis that equity markets will rebound and precious metals will go down - until I am taken out.
