OK tenters, here is what I have been talking about. Masses and masses on the sidelines either short or lurking from the sidelines. Larry Edelson is one of the big writers out there along with Jack Chan and they are totally flat footed. I am linking an article below but here are some highlights dated July 13th:

I know a lot of my followers are chasing gold and silver and mining shares now. And I can tell you with near certainty, that if you are, you’re going to end up losing a lot of money.

I would not want to be heavily long precious metals or miners looking at this chart. It’s showing the potential for a steep slide into October.

What to do if you’re heavily long gold, silver or miners? If it were me, I’d take my profits. If you’re reluctant to do so, for whatever reason, at least hedge your holdings with inverse ETFs such as DUST for mining shares … GLL for gold and ZSL for silver.

http://www.moneyandmarkets.com/caution-gold-silver-miners-80082

Yea, hedge with DUST….that’s the ticket, we have seen how well that works right.

and from Jack Chan’s latest public update of July 18th:

Gold sector cycle – is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

This is fuel for the upside my friends