The technical damage has been done on the short term indicators next stop
is 920 for the S&P 500, the long term indicators never gave us a buy
signal so this whole rally has been a massive selling opportunity as far as
I have been concerned. If the S&P 500 closes below 920 this week or
next we will most likely free fall back to the previous lows. Gold
will initially move with stocks but could give you a whiplash reaction as
panic sets back in. In my view stocks, bonds and cash are nothing but debt
instruments while gold has no debt or liabilities.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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