So I suppose I should slink back in here and give another view of where I think the markets may go now.
Things are looking ugly in the equity markets. In the same way that I use SLW as a tell for silver, I use TLT as a tell for the stock markets. When TLT goes up, it indicates a flight to quality/risk aversion. It usually moves up hours or days before the stock markets go down. And the price is relative, meaning that if the stock market appears strong, but TLT holds up it does not bode well for SPY...
Anyway, the recent Gold GLD trade was a classic example of buying a new high. It is often the safest spot to risk new money. The buy point was at 152.
I actually sensed danger and got out with a small gain, essentially a breakeven trade.