the tale of four charts - thursday, page-38

Another 400 points down and the market will be back to fair value, and I may buy into an ASX200 ETF. Come on, you can do it by mid August.

I wonder if the POG can hang in there much longer. It looks like it wants to make a move up above USD1420 or below USD1380 soon. I have been thinking it will be down to around USD1300.

Here is a link to TA Ira Epstein's most recent video on the metals.

http://www.iraepstein.com/videos/midday-metals-report.html

For putting forward a bear case in US shares there is nobody better than economist John Hussman who has many very logical reasons for a much lower market index but has been consistently wrong. A very interesting article - perhaps he will be right this time

June 3, 2013
"Following the Fed to 50% Flops "

http://www.hussmanfunds.com/wmc/wmc130603.htm

And for those wanting to while away their time listening to investment gurus, there is link below for a discussion that will take place on 11 June (US time).

"John Mauldin, Mohamed El-Erian, David Rosenberg, Barry Ritholtz, John Hussman and Kyle Bass will tell investors:
•Is the Market’s Run Sustainable?
•Where Do You Find Safe Income?"

http://inn.mauldineconomics.com/v2/?utm_expid=60973551-7

loki