Marc thinks that the consensus for higher in the near term and over the course of this year is probably incorrect. He sees a marked correction and the possibility of finishing the year in negative territory. Of course I would concur with that sentiment and note yesterday’s breakdown from the current rising wedge formations together with last week’s VIX market sell signal could signal that such a correction has either started or may be on the way soon.
His long range outlook has not changed – he sees the eventual demise of our current dollar system. Of course anyone who owns a pocket calculator can figure that out, if only they are brave enough to face the mathematical truth. (ht Keith Hoops)
Silver, Copper Slammed As Commodities Crumble Into US Open
28 minutes ago