Monday April 9, 2012
As we thought stocks have begun a pullback. But gold shares and gold bottom before a stock bottom, this was the case in 2008-09. We are seeing that again now, gold is up slightly this morning. We may not get a lot of chances for lower prices but you should have a succession of orders in for lower princes in CEF in case. Decide what your allocation should be and plan accordingly. I think the A B C pattern for stocks laid out this weekend was accurate, so there should be a chance there as well later in April or early May.
See our weekend update in the previous post.