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Quite a market story today. Today's market movement you witnessed both the bears and the bulls win and lose!

One of my market rules during the Bernanke era is to sit on the sidelines until after the Federal Reserve announces their interest rate movements and wait to get back in once the dust settles and you can see a clearer direction

Well, the dust has yet to settle today, but I am getting back in. The market may go up, however, I think there is a major movement down coming, so I am positioning for the next wave down regardless of any interim short term market upswing. The timing is never known, however; it is the overall direction/trend that I see developing that I am getting ready for.

I will start again to buy the inverse ETF's such as the DXD and the SDS which will provide a hedge against a drop in the market. For example, If the DOW drops 10% the DXD is supposed to earn you 20% in profits, likewise the SDS earns you 20% if the S&P 500 drops 10%.

Hang on ... The Plunge Protection Team is working hard to let the air out of the balloon slowly. Meanwhile, the market just wants to pop all of the bubbles. Thus the tug of war between free markets vs market interference and the bears vs bulls continues to unfold.

I am finally bullish on Gold and especially Silver. It took me long enough, but I am finally going to make a move in the metal market. I was waiting for a contraction/deflation - which we have seen, although I still don't think the contraction is quite over yet for Gold, but Silver should be darn close. If you buy the metal, rather the ETF, you will need to pay a premium. Either way, go for it!