It's all so confusing. Paul van Eeden says we are early in Phase I of the gold bull market, lots of guys say we are in Phase II, now that gold has broken out in all currencies. And then there's McLellan who says it's time to flick off the lights, shut the door and go home!
"The blowoff top we have just seen in gold should mark the end of the up move, and now the expectation is for most of those gains to be erased over the coming weeks and months. Inflation and rising interest rates will still be with us for another 15 months, in response to this gold spike. Resist the temptation to buy gold as a hedge against that coming inflation, as that opportunity is already passed."
321gold.com
Back to tech stocks?
Then again...I read the obituary for the copper bull at 1.40, 1.50, 1.60, 1.70, 1.80, 1.90 and definitely 2.00 is the top, for sure. Or not. |
