Monday Morning Market Commentary. What do we have to look forward to?
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Sorry Jason, bounce up or down?
I think this market is too risky at the moment – the could take gold/silver or the conventional markets down anytime they like.
We can be up in the morning and down 400 points on the DOW by close. I still think that the downside risk is much greater than any potential upside benefits.
I think that you have a very good point, Bob UK
Which is lower today – volume on the conventional markets or comment volume here on KEReport?
Has everyone gone on holiday?
Day is not over yet!
‘Retail Investors Are All In, Margin Debt At Record High; Stock Crash Next?’
Margin debt is a bit misleading as the stock market is much higher (and interest rates much lower) than at the two previous peaks in 2000 & 2007. Compared to those tops margin debt still has a long way to go before we need to get worried.
This is another one of those stats that can be viewed as bearish if not put into the proper context but in reality it’s proof that this bull probably still has a long way to go.
Thanks for that Gary!
Thanks for pointing that out Gary.
Thanks for the link Bob UK
OK folks, I’ve counted to 100 – coming to find you ready or not!
lol………. 🙂
Sell in May , and go away.
Well Frank, I would guess that everyone has sold as has now gone away! (But, I am probably wrong on that one.)
Personally I’ve been in meetings all day, but did take partial profits in Scorpio Mining today on the pop. Good review of Garys outlook, and good questions Al & Cory.
I was in meetings all day today, but did do a little selling in May in my Scorpio Mining position where I booked some nice profits and took a little off the table on the 25% share price pop today.
News from Franklin………..ABX COMING………ALLOCATED BULLION EXCHANGE, to arbitrage global gold exchanges .
Means more higher risk for paper shorts by the COMEX AND LBMA end game….gold going higher.
I have a buy order in now on the gold whipsaw. Increasing my principle position on JDST by 50% or basically triple downing that gold is going to bounce off of the $1200 ceiling.