I have been raising some cash by selling the larger more liquid gold/silver producers.
I sold my oil's last month.
I am currently not short the market. I got stopped out with a small gain on the last rally.
The market looks toppy to me at this point but I will wait until it shows direction again before committing long or short.
I have kept my better junior gold/silver producers and a few spec plays.
Far from seeing opportunity at this point I see an overpriced & overbought market that is pricing in a spectacular recovery.
I think the market will be disappointed EVENTUALLY.