Morning all. Looks like I'm gonna miss a huge day on the markets. Not that I'd be buying anything. At least my perceptions of the market were right so I'll take that as a plus.
I'm taking the view that the smarties are gonna play this for all its worth and get stocks down as much as possible. I'll wait till we turn to get back in.
Gold looks to be heading to $1250. I reckon about $1180 is where the absolute most rainbow coloured bottom of the uptrend line lies. So below $1180 would be very significant imo.
If anyone was gonna tax loss you'd think today would be the day. A bigger tax gain is seen asa a positive even tho it is illusory.
Don't buy anything that isn't a producer or has the funds to complete projects.
