To be honest, CW, I think we're on the cusp as well. The Dow is turning in unsustainable increases most of the time and the volatility is the key. I'm 60 yrs old and I've seen this kind of crap before....just before the big DROP! If I was an investor (you know I'm a speculator) I'd be cashed up and out of the market. It seems only a matter of time before interest rates rise in the US to support the sagging $ which, in turn, will aggravate the mortgage mess with additional foreclosures.
BUT, we speculators love to dice with death, financial death that is!! I got out of the LGL position I bought last Tues on Fri for a modest gain of $5k....not bad for the week. I still hate holding positions over a weekend.
AND, yes, I'll probably get back into LGL while the gold technicals are so positive.............but in the back of my mind is the knowledge that there's some serious financial pain that's ultimately going to unsettle the markets......and that includes GOLD.
LGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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