The market of recent weeks is a sucker’s rally, IMO.
Agreed. And, the USD is rallying against most other currencies. A sure sign of fear. Should be a VERY interesting morning. Perhaps I get to short me some S&P500 futures.
That *bears* repeating.
(Pun intended).
I bought gold this week and stayed the hell away from stocks. I agree, it’s a sucker’s rally until unemployment reverses direction. I believe I’ll pick up a hundred more ounces of silver today and, possibly, a few more Krugerrands in anticipation of high inflation over the next several years. The place where I bought the gold was completely out of silver. I’m not sure what to think about that. It could suggest a higher than normal demand. I also read that the NYSE is completely out of 1 kg gold bars which suggests a higher than normal demand as well.