This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
It looks as though the margin debt rising to near its peak number WAS an all clear for equities.Only a 4% correction.No problem.I m a little worried about gold though Bouraq .Unless it clears 1318 soon combined with a new possible leg up in stocks would not be good for gold.In the back of my mind though it seems that since QE has been getting tapered...gold keeps slowly going up.I think there s a connection.Still keeping gold stocks plus S&P and small caps for a bit...maybe up to S&P 2000.Cheers.
I'm very skeptical about gold. All of sudden we get a rally but there is no follow through. The momentum cannot keep up. That's why I think we are still in a correction mode and we may get one more sharp decline to 1150 before starting a good leg up.
It looks as though the margin debt rising to near its peak number WAS an all clear for equities.Only a 4% correction.No problem.I m a little worried about gold though Bouraq .Unless it clears 1318 soon combined with a new possible leg up in stocks would not be good for gold.In the back of my mind though it seems that since QE has been getting tapered...gold keeps slowly going up.I think there s a connection.Still keeping gold stocks plus S&P and small caps for a bit...maybe up to S&P 2000.Cheers.
ReplyDeleteI'm very skeptical about gold. All of sudden we get a rally but there is no follow through. The momentum cannot keep up. That's why I think we are still in a correction mode and we may get one more sharp decline to 1150 before starting a good leg up.
ReplyDelete