Yield is king, Gold is looking tired, news of QE ect, is not enough to keep it moving up for long. Needs real inflation or a black swan type catalyst.
News out of Europe will stall stocks again, and it will be hard for them to keep posting gains in a flat economy.
Bit of a stand off, until the fundamentals kick in. Are Central banks fighting Deflationary forces, and blowing a bubble in yielding equities by doing so?
If so, Yield on PM producers is not bad for their PE ratios. Then again, If the wheels fall off and the Central Banks cant put humpty together again, the party is over for all of us, until we see what rises from them ashes.
Keep growing your vegies and set tight stops on equities.
PM's I just can't stop adding to my positions, they look so cheap - maybe I will be crucified and have to go to embarrassment clinics, but at least I am following my instincts, though not with the conviction of a believer - nervous as hell.
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