I can’t completely disagree with your points, but I do feel your not seeing everything.
M/A activity is case by case, not general. And in general I thinks it’s bad sign for short term guaranteed...
Over sold, maybe momentarily, it can go much further down imo.
I think gold is a loser short, mid and long term.
I’m an oil fan.
Short term oil, it’s most likely to continue and be coveted no matter market conditions within next year.
You could throw darts to pick 5 petro stocks and win no matter what happens....
Domestic Growth is good! Demand
Global growth is good! Demand
Inflation is good! Duh!
Worse case rally extends to blowoff top and a transfer of wealth from oil to other sources of energy...
Wow!
Go short right after when this happens.
I just don’t see anything good in gold other than a way to make more friends with those that agree.
