i would certainly agree with selling the broad market, but i don't advocate selling mining shares at these levels. i expect to see gold and silver go higher before they go lower, so i think we should have a chance to take some profits at better prices before it's time to sell in may. any run up in metals prices will probably be followed by weakness in the summer just like last year. but i doubt the summer sell off could be anywhere near as extreme as last year because commodity prices are currently much lower than they were a year ago.

looking at the big picture, i see oil prices have risen, copper (the most basic industrial metal) at nearly $2, and the baltic shipping index improving. all of these things point to the expectation of some kind of economic recovery. combine that with the statement from the g-20 meeting that the world will collectively spend another $5 trillion of stimulus by the end of 2010, and it all points to inflation, and stronger commodity prices. that may not help with short term timing, but it tells me not to give away my shares if they are still trading at these levels next month just because the calendar says it's may.