The good news for gold is all the bearishness we're seeing now. Story after story about how gold must surrender its gains. I'm expecting whipsaw volatility as first the bulls, then the bears, then the bulls, then the bears get disappointed again.
But the fact is, fundamentals are seriously in gold's favor. I think we're going to break that downtrend. It just may take some time. Personally, I took some gains in PureFunds ISE Junior Silver ETF ($SILJ) yesterday. But I'm holding on to plenty of other positions. I don't want to be THAT GUY who sells everything at the first sign of trouble, then ends up crying in his beer.
And I may buy SILJ again soon. Or I may end up kicking myself because I miss the next entry.
But there is plenty of else that looks good. And the more pressure there is on good miners, the more of a banquet of bargains is laid before us.
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