Good thread and thanks for spelling out your strategy completely. Your move to go heavily into gold a few years back was terrific.

In my trading service we have been trading the short side of this market for the last month and done quite well, although we have only done two trades. One made $32.7/ounce and the other aprrox $20/ounce, the multiplier in the futes is $100 per ounce, so handsome gains per contract.

Since the commercials have built their heaviest short position of all time, I am compelled to look at the short side here. However, at this point the trend is still intact on the long side, although barely.

Good luck on your trade, we will be on opposite sides at times on this one, but my timeframes are completely different than yours, much shorter. FYI, the ideal seasonal high for this market is January. If you look back in history you will see many tops in that Month. This does not mean every Jan tops, but odds favor it.