u could have made a shed load more longing gold the last 3 years :-) it's easily seen on the price charts that in uptrending markets the upswings have greater % swings than the down. if its the case for daily and weekly charts it would be the case for intraday aswell.
thats why i cant understand the mentality behind shorting an uptrending market,
surely time should be employed looking to buy on the resumption of the uptrend
for greater price gains..beggars belief it does..beggars belief. look at the currency markets [best trending markets] the heggies are nearly always positioned on the right side of the trend going by COT data.
ive got a silver coin with "bull market - buy long" and "bear market - sell short" to keep me reminded where i need to be positioned...on the right side of the main trends.