An investor friend and I traded emails over the weekend. Amongst the usual email chit chat I asked him where we are right now concerning the market.
His theory is that the stock market for the next 4-weeks, will be on a roller coaster. His view is due to the Ukraine drama playing out; Consequently, more and more ? ? ? are moving from the EU into the American stock market. He believes that the US $$$ is the only safe haven at this point.
Looking at the market open today, (-500 pnts) watch it end the day in the black as EU investment houses buy low.
Then look at gold for the month. The lowest was $1,792 an ounce in week one of February - Today it is $1,867. Mmmmm I wonder who is buying gold?
Anyway, keep your eyes toward the US Stock Market and PM prices.
