I just posted an update on the precious metals and broad stock markets that somehow got deleted and lost in cyberspace!
I will try and give more info later, but for now I am going to enter a short position in the NASDAQ. This can be done through an inverse NASDAQ based index fund or ETF (such as QID). I am going to place a very tight stop loss on this trade based on the NASDAQ 100 closing above 11,500.