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Richard's Remarks


Today’s close saw the Dow up 200 points. This should serve to keep the public bullish. Although the Dow did not hit a new high. I continue to think we are building a huge top here. One hundred point plus fluctuations in the Dow will serve to keep the public bullish, even though technically, nothing was accomplished. For a change, volume was up in today's rising stock market, which is a point for the bulls. This market reminds me of a snake with its head cut off while the body is still whipping around. The rest of the week should be highly interesting. Gold was a clear victor today, closing at 1290, with the only resistance being the even number of 1300. I believe gold shorts are now being squeezed, so the gold action in coming days might be spectacular.


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