|Gravity....aint it a bitch!|
I believe that we are very near an inflection point and it will generate a surprise event that catches many investors by surprise. Levitating the equity market to help retain CONfidence has started to fail badly. Even the CNBS pundits seem perplexed as earnings continue to decline and the market seems to rally against all fundamentals. Gloom continues in the PM and PM equity market which gives me some hope the beatdown is nearing an end but it has little effect on my strategy of just holding here.
Of course we can descend further in the PM prices since paper is still controlled by the markets.....but they don't control the bullion and therein lies their achilles heal. Soon the holiday season will be over and money will be rolling out of last years winners and into the next big sector. Just remember....one day we will wake up on a Monday and everything will change in this trade.....gl all http://goldswitzerland.com/a-failure-on-comex-silver-alasdair-macleod/