I miss the abuse of precious metals bulls – – a passionate group, to be sure – – so I'm shorting GDX (OK, the abuse isn't the real reason; I just think it's a very clean technical trade with a good risk/reward ratio). I sold my GLD long when it spiked up to the $106 area for a nice profit, since I measured its target at 106.75 and didn't really see the need to wait for the last penny.
