Maybe he is right, Hugh Johnson, by saying that "none predicting Balck Monday stuff.........
I predicted that we will have a black Monday or Tuesday this October 19,1999 Dow will get tanked -600 points or more.
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Key market indicators have to watch closely are:
Tbond, U.S. Dollar Index, Gold price, and of course DOW.
If indeed it happened then that inflation cycle that you are so convinced will take place.
This Friday U.S. Nonfarm payroll data will be very interesting to observe as it might the important data which could ignite this big crash of DOW.
As in my previous post indicated that DOW and DXY are on the verge to crash within hours to come.
If it indeed happend gold stocks like WRM, ABX..... and SKG [BTW, SKG was a very good gold stock, when gold was high in price, SKG was $8.00 stock, you see.]
These two week is very important weeks especially this coming week, if that Dow traded below that 10,000, then the chance of Black Monday is tremenduos .
Be prepared and take advantage of this golden opportunity of the centrey.
John Paquet |
