When someone who is paid to be a rah-rah cheerleader on the precious metals turns cautious you have to sit up and take notice. Bob Moriarty of 321gold.com did just that last week:
Gold and silver are behaving well but they too, are overdone. You don't have to be 100% invested all of the time. If you have some profits, take some money off the table. If you don't have profits, you haven't been reading me for the last nine months.
We probably are not at exactly a trading top but we are pretty close. Better to sell a day early than a day late.
Nothing goes straight up. Be warned.