This is just my Harvey sense speaking, but I personally think the markets want to lie down and go to bed sometime within the next few weeks.
I hope I'm wrong, but seems to me Mr Market can't maintain a rally, no matter how much Fed Viagra they spike the kickapoo joy juice with....and if the markets can't maintain airspeed velocity and altitude, there will have to be a landing, imho
I could be way off base, and I hope I am, but I am actively taking a defensive position in anticipation
However, should I see genuine and sustainable signs that rally kindling is turning into a real flame, I will be glad to unwind those positions and jump back in, with a focus on alternative energy/solar stocks, agriculture and essential tecnology.
But until that time, I am preparing for an unexpected and sharp downturn
Gold is still my preferred alternative investment, and I am picking it up here at these recent lows. Silver concerns me somewhat, with a head and shoulders, bearish pattern emerging (and I admit I do not trust silver quite as much, even though I think it has the potential to nearly double this year)
That being said, I believe both metals would rally with any new banking/credit crisis and a new decline for the USD
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If you take anything I say as advice, you're crazier than I am.
AI
