VIX and safe havens getting a buy but Rick is not yet impressed
Kicking off this week with Rick Ackerman. We chat about the move up in the VIX today and if this could build on itself throughout the week. Rick also provides an update on the precious metals which have continued to disappoint in terms of not breaking out.
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Dow going up…..42,000 ,, the scum balls are in charge……the number comes from M. Armstrong…
Seems far-fetched, but the markets have shown me how wrong I can be before.
Gary Savage also thinks it could go very high–he thinks the blow-off phase began with Trump’s election, and says that it is not uncommon for a blow-off to rise 100% in a year or less. That would put the Dow approaching Armstrong’s level.
Open minded skepticism is the order of the day on pretty much everything in public life.
Gold is going to continue struggling …
OOBT,
I’m not so sure your “struggling theory” will hold up for much longer. The PM’s might just surprise us all soon. Remember, as of yesterday, there is a break out in both Silver and Gold. Throw in a “tweety” and unstable president and you better be ready for upward movement in the PM’s.
So far this year, so good:
https://jessescrossroadscafe.blogspot.com/