if i had any guts i'd short gold now.
looking for a 30% drop; as soon as it starts going down there will be panic selling.
i'll short it for CAPS anyway.
I rarely hold much cash because it's a loser (except in deflationary times). Granted, it is the ultimate in non-volatility but the only real reason to hold cash is so that you'll feel a little better on days when the market goes down. People say they hold cash so that they can buy stocks when the market is down, but while they are waiting for that opportunity the market is going up and their cash isn't. The more fully invested you are, the more money you'll make over time. [more]