I smell a Fool’s Rally building. Of course, last week I smelled one also (betting on that cost me 10% of my portfolio)

Just now I went long again with QLD, starting off with betting 10% of my portfolio. Let’s see how that goes before betting more.

The Big Question now on my mind: will gold keep going up OR if we have a stock market Fool’s Rally, will gold resume its deflationary (short-term) decline?