We’re Headed Down

Posted by Mark Leibovit VRTrader

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Ed Note: Recently, in his Trading Service Mark has gone from Bull to Bear to Neutral, now Bear in Stocks. Much more analysis contained every day in Mark’sVRTrader Silver or Platinum Service

Stocks – BEAR

We’re headed down, folks. Will it end in 30 days or will it carry into the Fall. Is there a ‘Crash’ ahead much as we saw on May 6, 2011? I cannot say, but momentum builds on momentum and the news environment now (forget any ‘outlier event which really could trigger a panic) is really poor. But, it’s funny, isn’t it? All you had to know was ‘Sell May and Go Away’. I was on a plane to Edmonton, Canada a couple of weeks heading to Michael Campbell’s Money Talks Resource Investment Conference and I spoke to several common sense passengers who said the same thing. Wall Street thinks too much. When you see Goldman Sachs imploding with the U.S. Government now trying to save face having dealt (and, frankly, likely co-conspired) with them for years, when she the embattled U.S. Congress, a misdirected and misguided ‘Marxist’ U.S. President, an employment and real estate crisis possibly approaching levels not seen since the Great Depression and the world attacking the second greatest democracy on earth, Israel, you know it’s time to pack up your bags.

Gold – BULL

As you know, Gold is now in the process of retesting its May 2 record high of 1578 touching 1551 this past Wednesday. From a pure fundamental perspective with all the financial turmoil ahead this summer with regard to raising or not raising the debt ceiling in the U.S., the imminent ‘double-dip’ U.S. recession (or worse), sagging unemployment and an ongoing erosion of home prices. The end result will have to be more monetary and fiscal stimulation which is bullish for Gold. The real question is whether it comes now (probably not) or later perhaps after Gold experiences a bit of a correction. With ongoing and likely true rumors that the U.S. Gold reserve at Fort Knox either doesn’t exist or has been severely compromised is probably true and that owning physical Gold and storing it where you can gain quick access to it is overall a very good idea! We should all be grateful if Gold corrected a couple of hundred of dollars only because it affords us an opportunity to accumulate more for the big, big, big move ahead to 3000, 5000 or beyond!

Bonds – BULL

Bonds unexpectedly saw some heavy selling on Thursday only to recover a bit on Friday. Though I traded out of my long position (and eager to get long again), I steadfastly remained on my ‘Bull’ signal. It’s all too clear. Money will be seeking safety and though the U.S. has significant problems, I don’t see a default anywhere in the intermediate horizon – though long-term it is likely

The above is just a portion of Mark’sVRTrader. Much more analysis contained every day in Mark’sVRTrader Silver or Platinum Service

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