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Richard's Remarks

 

On yesterday's site, I noted that many of the major stock averages have broken out to new highs. The question I asked is -- whether these new highs would be graced by a high-volume follow through? It seems that Mr. Market had a nasty trick up his sleeve. Not only was there no high-volume follow through, but Wednesday turned in a miserable performance.

 

Today, Thursday, has started out even worse. As I write two hours into the session, the Dow is down 211 points and the Transports are down 91. The NASDAQ is down 38.

 

Therefore, I am asking my subscribers to stick to the strategy I have suggested in recent weeks, and that strategy is to be in silver and gold (physical if possible), while holding a limited amount of cash as we await the antics of this erratic and difficult market.

 

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