It's gonna really tough for me to give up on my Monero 
Why would you give up? Selling and repurchasing at lower prices is giving up?
Or do you mean that you bought at higher prices and feel not good about selling at a loss?
P.S. the only argument I could make for why altcoins would not go down while BTC and gold are, is that it might be more difficult to short them? I don't know.
It's certainly possible to short some of the altcoins listed on poloniex, see -> https://poloniex.com/lending#BTC. It isn't much tougher than shorting on bitfinex, but you could encounter lower liquidity.
The current lowest lending rate for XMR 0.0001% (I have a hard time comprehending why one would offer their XMR at such a rate taking counterparty risk in mind as well) though and thus implies there isn't really much demand for shorting XMR. However, this could change if the scenario you described above materializes.
Regarding lending: There is also 5k avaible at 0.0003%, which still is insanely low.
PS: I would like to hear your opinion on what I found:
Quote
Approximately a week ago I calculated the correlation of GOLD/BTC.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph.