The stock market has been in important "correction mode" for an unusually long 32 days. During that span, the Dow has avoided breaking below the important 16,000 level. On that basis, I have to think that the next broad direction of the market will be to higher ground.
It looks as though the market is getting the jump on what I wrote above, since as I write the Dow is higher by 161 points with the Transports up 53 and the NASDAQ is tagging along -- up 22.
As for gold, the spring and summer months tend to be negative for gold, ending with an extreme low for gold in July. Therefore, once we get past July, I expect better action from silver and gold.
I've been thinking about the whole idea of the Federal Reserve and the government openly lying to the American people. It's unbelievable that our representatives would have the unmitigated ... Log in or subscribe to continue reading.
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