My favorite risk indicator is flashing a warning light again.
This time it is red.
Note that the currency cross is diverging from the new high in the S&P 500.
Given the overextended nature of the market at present, this could be a time to put on hedges and consider safety sector purchases.
Gold stocks have had a nice little correction today and may soon offer a tremendous value buy. We will need to wait to see what unfolds.
This time it is red.
Note that the currency cross is diverging from the new high in the S&P 500.
Given the overextended nature of the market at present, this could be a time to put on hedges and consider safety sector purchases.
Gold stocks have had a nice little correction today and may soon offer a tremendous value buy. We will need to wait to see what unfolds.
Great call PW, you nailed it...
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