What the hell is WRONG with you guys? lol Gold is slowly smashing through upside barriers. Broke both downtrendlines now......well, someone has to be short.
When it breaks 1030...then the holders of Gold have proven that they are great managers of DEAD MONEY. Siting on a non-interest bearing POS since march of '07 is STUPID. If you've done so then your break even cost is not 1030 it's about $1100 due to the cost of capital and opportunity cost...that's smart trading right there.
Market is at the pivotal point, either gold crash and make fiat money more valuable, therefore crash the market by deflation; or let the inflation runs wild, at same time keeping the market afloat, hence gold will skyrocket. It will choose the lesser evil of 2.
Don't know if you're being serious or not here... He's a good dude from what I can see and made a really good call from last year when many people thought gold would blow past 1034 on to 1200, 1300, etc. without a significant pullback. The thing is, as all traders (should) know, you have to be flexible and able to react to your environment; to change your course if necessary. IMO, right now is a techinically and fundamentally ridiculous time to short gold except on an intraday timeframe or when it gets really overbought for a swing short, but keep a tight stop!
ONLY if your GOLD position was "static" the entire time! BTW....I find I can even get a premium over the days closing price selling portions of my physical position these days (while cycling positions in and out week by week according to the price action).