gfp: Gold spot is up but the miners have taken a big hit this week. But I've seen this scenario before. The miners get taken down with the rest of the market but once quarterly profits are posted reflecting the increases in metal prices the stocks rally ahead of the rest of the market. Crazy volatility lately. Always the sign of a market topping or bottoming out. Load delinquencies up. Car repos up. Mortgage foreclosures up. Layoffs up (Intel itself is going to lay off 15,000). Stagflation coming. Meanwhile Treasuries have really rallied, especially the 10 Year. From over 5% just a short time ago to perhaps flirting with a 3-Handle is a remarkable move that signals flight to safety...upheaval coming. A market crash now would really help Trump, rather than the Deep State engineering one to start just after Trump's inauguration (if he lives that long).
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