Buying $GLD GOLD Puts - Watching $SPY $DIA $IWM $VXX

I bought $GLD GOLD Puts. Watching $SPY, $DIA, $IWM, & $VXX.  The $GLD Puts I bought were Feb18 2012 $165 Put today for $1.30.  Gold was seeing significant resistance around the $171 range and started its decline this past Friday.  I've taken a short term position in anticipation that Gold will continue downward as I think the rest of the US Market is heading for a correction.  I religiously watch  $SPY, $DIA, $IWM, & $VXX and am using the fact that these ETFs have hit resistance to justify my GLD Put position.  I will watch GLD closely this week to see how much Gold comes down from its recent high.

Dave