One Or The Other – Maybe BOTH
On Tues. I posted a piece about the gaps in the stock market averages and that Tues. open would pretty much be the top. So far so good. I also felt that gold and silver were close to breaking out and that if they were able to de-couple from stocks and go higher while the general stock market dropped, it would be confirmation for any gold and silver breakout. I believe the general stock market could get crushed starting next week. If that occurs there might be an initial fake out drop in the metals and miners, possibly Monday and or Tues. By the end of next week, we should have a good idea about the stock market and gold and silver. I vote BOTH, stock market down sharply, gold and silver and the miners, up sharply!
You could be right. Will be watching.
Nice call–what do u make of the daily rallies reversing then the “hidden hand” comes in the last hour and rallies the mkt…today is a perfect example–every day the mkt stares into the abyss…Amazon is the only stock that doesn’t go red and it is, literally, holding up the entire stock mkt–so far this action has been a huge bear trap…
I agree with you. It is frustrating. It could be because only 7 trading days left in quarter and up so much, a sharp decline in general stock market may be delayed till early July. We shall see, that’s why One or The Other or Both?
Richard. Are you still doing huge jnug trades? As a pro trader I always liked it when you posted your trades on Rambus.