SA: You had indicated you were long [[GLD]] in 2010. SF: Gold ( GLD ) is becoming lofty in terms of its pricing but technicals remain strong for the long term. Because we expect inflation to start to gain momentum we are still long and have begun to look into ([[COPX]], [[GGGG]], [[GLDX]] and [[CU]]) I do not expect performance to continue at the unprecedented levels we have seen, but they should continue to be good hedges and outright positions within well-balanced portfolios.