by Jon S. Strebler
That was the general feeling I got while looking over the various markets’ performances and charts last week. The items that are most of interest to us look as if they’ve run out of gas after many weeks of strength and are rolling over, ready for a fall. In a perfect world, this is great news; stocks, precious metals, oil shares and mining shares – all decline for the next few weeks, giving us the buying opportunity we’ve been waiting for. But realizing just what sort of perverse world we live in, I’m worried about two other ways things could play out. In the first, prices drop just a bit more, but then spin around to once more take off on the upside, again without us fully on board. This has happened often enough as to be more than just an outside possibility.