Elite Swing Trades

[Scandle34]

interesting but very theoretical essay on the price of gold.

My take is that PM's were dumped to buy into the parabolic last hurrah of the stock market (not like you'd know this week). People first took profits and then cut losses in PM's because stocks offered a better perception of short term gains.

We all know the market is headed for a correction sooner rather than later. Q1 numbers are not thrilling the market so far. Hiring was up so costs will increase into Q2. Equity yields will plunge and, as the article points out, PM's will benefit. I just say it is sooner than the author.


http://seekingalpha.com/article/1351991-gold-a-bright-shining-lie?source=email_rt_article_readmore