Bad news just around the corner

I have been getting crushed this year (compared to last 2 years where i had 15% and 11% return) 
I started making bad choices by getting into options and that was one of my downfalls.  (especially calls VXX)

Now i am trying a new strategy by going 20% gold/10% silver
I am thinking what i should do with companies that are not doing well for me  (CAT, FB (yea i know)GS,C,  i am about 20%+ down on them. 
Since I assume and have a feeling that the market will be going south should i just cut my loses and sell them at a loss or should i place some PUT options on them to even out the loss when they do start falling down.
Than my next questions is what should i do with stocks that gave me great results such as BAC +80%,CCL+25%,MSFT +15% (about 20% of my portfolio) T +25%.  Should i sell them if i and thinking market will go south?  Problem is some of them are still under the short term.  I will get taxed a lot more if they did not pass the 1 year mark. 

What is the wise direction?  I would appreciate if some of you can help me out with good reasons. 
Wallstreet- if you have a second i would like to hear your input.

Also,  since i am really thinking market will go south what is the best way to bet against the market.

My portfolio without options is up around 5%  but as i mentioned above i got killed on options for over 20K  on a 100k account.

Market goes south and gold will go south with it.

I view gold choice a bit different.  With Europe drama not ending anytime soon (most likely only getting worse) / US printing money/ and fiscal drama about to start again--I think it will only make gold stronger and i can't say that for stocks.

i was playing with options as short term.  My initial plays were very profitable but after that it was all going south no matter if i had calls or puts.  Just not going the right way.

in the money

money contracts, everyones waist lines are being de-leveage. get out while you can.

Its been all bad news since 2009 and look at the market..now I don't believe they can keep pushing this forward forever but until there's a sign it will stop y pull out of the market?

Wallstreet all due respect I disagree