Wow, it looks like 13 attempts to crack 2100. I'm still amazed that we are not currently in the 18-1900's right now. I am still shorting the market, although I covered some today with the uncertainty of tomorrow's job report looming.

Yeah, I can imagine that you get some negative comments when you express any degree of skepticism about gold not going vertical to the moon. In the world of PM markets, publishing an article like this is along the lines of someone being critical of Scientology. It ruffles feathers when some of the diehard gold bugs find writings that don't strengthen their confirmation bias.

I agree that gold bugs can become particularly cultish. I think this happens because some of the gold bull "leaders" like Jim Rickards, Peter Schiff, etc. talk about the metals in an almost doomsday fashion. When some of them talk about $5,000-$10,000 an ounce gold, the people who listen to them will chase gold and the mining stocks at any price. I'm bullish on gold and silver, but I just don't see a scenario in which gold (physical and/or paper) becomes a 5-10 bagger.

With such a parabolic move in silver in such a short time, I tend to think a pullback will be coming soon. It may hit a target of around $20 or so, but I plan to wait patiently for a 50-68% retracement before I dive back in.

SPX has had so many chances to breakthrough resistance and head to all time highs. At this point it looks like a multimonth double top that is going to drop hard in the weeks ahead. I'll look to add new long positions around 1850-1900. Right now, though, it truly is "dead money."

I generally agree that at this point they need a rest. But gold and especially silver are cranking up right now. I could see this having a bit more upside before any correction sets in. The miners have been virtually impossible to predict this year.

Great article. I'm reminded of that saying (I forget who said it), but something to the effect of, "you never go broke taking quick profits, but you'll never get rich either." I've been bad in the past about trailing stops too closely and getting stopped out of positions with a profit, even though I could have made a lot more money by letting my winners continue to run.

The relief rally has ended up being much more powerful and forceful than I imagined. I had to stop put of my SPXS shares as $SPX has gone vertical. It's hard to see this rally having many more legs, though. But if I have learned anything lately, it's that absolutely anything can happen.

I was an avid #JimCramer fan when I first started investing. I even read a couple of his books. But once I saw that a) his subscription service for his trust portfolio had a D- rating with the BBB, and 2) he has underperformed the market for 15 years, I quickly tuned out entirely.

I have a little bit of #gold and a lot of #silver, but I would not want to be holding any mining stocks or paper gold when the crash does happen. I can't imagine how people like #HarryDent can assume that gold will be drop to the $750 range or below. I'm one of the weak hands when it comes to trading the mining stocks. I'd rather get back in after they correct or pull back.