Pretzel Logic

12 Reasons to Short Gold

I would take issue with reason #1 ("it's a great contrarian play!") -- contrarian for contrarian's sake is never a good reason to trade. Buying stocks on Oct. 6, 2008 was a "great contrarian play" -- how did that work out for folks? Oh, they're still sitting on 30+% losses.

I would also take issue with the idea of a second half recovery. That's just naive. For proof you site Obama and the gov't? The gov't didn't even admit to a RECESSION until it was almost a year old. C'mon, seriously.

Beyond that, I would short gold at your own peril right here. I was bearish on gold a couple months ago, but now that it's broken its downtrend, it's a new ballgame.