When a bull is really a bear

Came across David Rosenberg's latest in Globeinvestor today.  He says much the same as what Eric Sprott said in this article.  Rosenberg calls 2003-07 a bear rally (built upon the housing bubble) which of course culminated in the big crash of 2008.  The upswing starting in 2009 to now is another bear rally, this time built upon public sector stimulus.  Now, I don't know if Rosenberg's as rich as Sprott, but I tend to believe these two guys.  There's money to be made in 'bear market rallies'.  Found this gem from a twitter search today - Eric Sprott was quite adamant that manipulation of gold and silver prices by major governments have prevented even greater returns on these two precious metals.  Now, this piece by Gordon Pape reaffirms the strength in gold, but he thinks the Dow will outperform the TSX this year.  I guess if you invest in a good Dow stock now, you can make a tidy gain if the Canadian $ drops.  But, I've been burned on the currency side with US stocks in the past, so I'm not going there.