The bear market is not over. This week's drop may portend the start of the dreaded C wave to the downside. We look at previous bear markets since the Great Depression and note how the patterns are similar.
Whatever you think about the Fed, a far more important concern is whether Friday's thousand-point avalanche in the Dow ended what has so far been a tedious, garden-variety bear-market rally.
I have been doing this for many years and I can tell you, I am afraid of days like Friday. There is no way to know what we are going into on Monday. Nothing friendly on the Gold chart.
Momentum and technical are bearish for gold. Every central banker in Jackson hole has said that slowdown and even recession is needed to bring down inflation.
Then came this from a survey by PricewaterhouseCoopers that some 50% of Stateside companies are poised to cut jobs. Uh-oh. Further, as stated by Foxy: "The survey comes amid...
