November Lows Broken to Confirm Bear Market
Well, folks, today was a terrible day for the general market. After the Transportations broke their November low on the 4th of January as they were down to 4260.43, the DJI broke the low today going down another 238.42 to 12589.07. This is another Dow Theory confirmation of at the very least, a major correction if not a bear market.
On the other hand, Gold hit new highs just above $880 and closed at $877. Silver performed well and closed at $15.66.
The fundamentals are in place and we should see more down days on the general market and up days on the precious metals.
Tomorrow will be a telling day. We will have to stay tuned to read what the markets are saying.
Best to each, Doug
On the other hand, Gold hit new highs just above $880 and closed at $877. Silver performed well and closed at $15.66.
The fundamentals are in place and we should see more down days on the general market and up days on the precious metals.
Tomorrow will be a telling day. We will have to stay tuned to read what the markets are saying.
Best to each, Doug
posted by Doug @ 3:30 PM
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