Do you see XMR getting a slingshot effect from the current rally of 1st gen altcoins (LTC/NMC/PPC etc)?
No opinion. I am trying to restrict my views to higher confidence, better informed, cases these days. I do think the next XMR ATH is one day closer than it was yesterday, though, and try to maintain my fraction until then.
I also think silver is likely to have a good fortnight or so upcoming before the next leg down. That is fairly high confidence and quite easily accessible for retail.
I would not short China here. Short eurnok is tempting, but I can not really recommend it for most people, particularly as it might be a bit premature. It is working for me at the moment, but can easily sting as well. Long usdjpy is safer, as is short XAUXAG, over a weeks, maybe a month. U.s. shares are due a relief rally at least. If Iran comes to market soon, oil should tank again.