Gold flew past $1,300 today on short covering. I also think after that horrible jobs report reality is beginning to set in. The financial releases this week have been the worst in quite a long time, couple that with another $10 billion taper and we are setting up for a massive correction.
I speculate the major indexes could fall over 15% this summer if not more. Might not even take another quarter. I'll drop you a line during happy hour.
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