I have some shorts, and some longs on gold/gold miners. Thats pretty much my positioning.
I noticed something very interesting, while the market has declined 14.5% since the high back in April, gold miners are up 6.6% during the same period.
That is a little odd since gold miners are also stock, not a pure gold commodity trade play. Also keep in mind 30 year treasury rates are dropping, fast. That indicates market crash also is on deck. But that also gives the US government to do crazy financial games, and use up the last of America's credit card. If they do, this will be the last push up before the swan dive, and it won't last a year like the last time. maybe 3-4 months. maybe.
Keep true to your stops if your long this market!
So cash is king, as always. Below is a chart comparison of S&P 500 and GDX during the same period. interesting.