I look forward to a more in-depth opportunity to share my market views in a interview later today by “Corporate Interviews”.
U.S. Stock Market – With the insane financial heroin known as QE 2 ending shortly, the stock market has realized that their drug induced artificial high had done nothing to fix a horrific set of economic, political and social issues facing America. While the “Don’t Worry, Be Happy” crowd will do its best to spin things yet again, the sad state of affairs should outweigh their b.s.
Chart by Richard Russell
U.S. Bonds – It’s very tempting to go short the 10-year Treasury here but I can’t pull the trigger. The low yield was 2.66% so maybe if we can get close to it again I can muster up the courage.
Chart by Richard Russell
Gold and Silver – They’re both back where they belong – hated by most in the financial arena and media. A nice sideways to higher trading pattern for gold is just what the doctor ordered during the June to August period. But don’t be surprised to see us above $1,600 well before the first leafs change colors.
Chart by Richard Russell
U.S. Dollar – Terminally ill and new U.S. Dollar Index lows by 1st quarter 2012 is my expectation.
Weekly Chart by StockCharts
Oil and Natural Gas – Oil is consolidating nicely while the new bull market in natural gas is developing nicely.
Weekly Natural Gas Chart by Stockcharts
Weekly Oil Chart by Stockcharts
Special Note – I know in a business I openly declare is gambling and failure is the norm, I shall still be viewed in not such a nice manner by some (and sadly, it’s much worse than not so nice by some). That’s why an email like this one received a few minutes ago makes it all worthwhile:
Peter — Acknowledging your mistake today vaulted you into an entirely new dimension of credibility and influence — and you were already way up there! It’s not at all the first time you’ve done so, but to do it once again and in such a direct and highlighted way, especially regarding subject matter that’s your expertise, is a huge blessing and brings great glory to our awesome God. Thank you for your testimony — you encourage and bless us all and, unlike some in other forms of ministry, make it easier not harder to talk about Jesus in the public square.
May the Lord continue to bless you and your family even more,
–
John Paris
See the following from Peter Grandich HERE
Grandich Client Rodinia Lithium
Blue Horseshoe Loves Junior Resource Stocks and Gold!
The Coming Hell For American Families
Adding 2 Companies to Tracking List