Loading ...This Finally Looks Like The Real Thing
Today’s action so far (only twenty minutes in as I type) looks like the real deal in that we are finally getting the desired combination we have been waiting for. A day with the stock market sharply down while gold and silver are sharply higher.
One day, and especially only 20 minutes, doesn’t make a trend, but I believe this is it. Maybe not the collapse of the economic system, but the demarcation point where the stock market bull has ended and the precious metals bull is finally recognized by all.
The first day of the new month and final quarter of the year, is a perfect time for it to happen. Be long the PM’s and get out of general equities. My recent “Triple Nine’s” call regarding the VIX was spot on.
Thanks CM…I look forward to your Daily Morning Updates and Analysis
Agree completely!
My pleasure. Thanks.
For sure the metals are still early in the bull market even though for Gold it’s nearly 10 years now. I would never chase a Gold rally based on a Mideast shooting war though. Buy the breaks.
Yup, time to buy was YESTERDAY, like it always is…
lol…
Well, that was a bust. Never seems to work out in “our” favor, does it? What a weak close on what could have been an excellent day. Shares worse than anemic. The world is spiraling like nothing we’ve ever seen and all the $$$ goes into the stock market. WTF
I think we’re just trading sideways for now. Price moves that are geopolitically influenced usually don’t amount to much.