It's an unusual strategy but safer than you might think.
It relies on an over exuberant run up on a price taking company where the commodity looks to be stalling and the stocks have run up way harder than the underlying commodity in percentage terns and the environment is still long and medium term bearish.
It's not that brave because, it takes into account the overhead resistance/breakout yet to be over come.
Your last line is the parachute.
Knowing that traders will be looking for clarity allows for a margin of safety, when they get that clarity I would be out. So until then the short is fairly safe and has much short term downside potential. Just a slight blip down in the commodity will make them all fall over dramatically, where half or all profits will be taken.
I shorted about 6 on their peaks which I anticipated the day before.
Gold went down a little and they all fell between 6% 16% in two days!
I still have 3 which I have taken some profits on and I went long on two after that.
I also shorted IGO which I didn't make anything on but didn't lose. I still have a tiny bit short on it which will be closed out. It's doing it's own thing. A good one perhaps for longer term hold long if gold remains where it is or goes up.
So not that brave!