The success of my positioning now is predicated on two assumptions: (a) the fall of gold (b) the rise of equities.I have been tooting this horn for about a week now.
Both of these are going along splendidly. I do subscribe to the notion that the current strength is the final rise (wave 4) before the ultimate fall (wave 5) of a major wave down in this bear market. The really meat rise will follow one final lunge downward.
But for the moment, I am enjoying the ride up (in stocks) and down (in gold). I will be tightening stops (err, but not too tight).
