I love gold, but it seems that this market is long overdue for a near-term pullback
In Today’s Breakfast with Dave
• While you where sleeping: it’s a miracle, everything continues to rally
• “They’re making a mistake, the ones that are buying the bonds … It’s quite clear that stocks are cheaper than bonds…” Is Warren Buffett correct on this one?
• ISM … up or down? A softer manufacturing data point was shrugged off by the markets, then a better non-manufacturing result was the launching pad for a huge rally
• Consumer fatigue: there is a prevalent view that the American consumer is doing just fine… if 2% growth that is underpinned by government life support is “fine”, then we know we are into a new paradigm
….read full article HERE