Sunday, November 9, 2014

Gold is the tell

And as the market begins to get more confidence, to display more hubris, the "tell" that we might be at a top will be found in the price of gold.
"[T]he big hubristic 'tell' will be gold," Hartnett wrote in a note to clients on Friday. "A sudden gap lower in the gold price to below $1,000/oz should coincide with the final thrust higher in stocks, both indicating capitulation of the 'stubborn bears,' the end of the 'melt-up' and the next opportunity to get tactically bearish.
Read more: http://www.businessinsider.com/analyst-sees-1000-gold-at-stock-peak-2014-11

I think it is crazy that gold is so cheap.  When the stock market crashes next fall, gold will soar.

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