I wouldn't do gold. I prefer to speculate on oil (USO). There are other ETFs I like, XME, KBE, & IWM.
I f*ckin hope so, went long some more this week after having kept part of the account in cash for a while but so far the market has remained ugly...
======== While both are long term fine uptrends; SPY has had better sell volume year to date, so 125.25 pivot,SPY may uptrend again. But SPY uptrend is clearly more risky than gold uptrend; not a prediction, simply probabilities