• It’s good that we’re seeing signs that the rally is broadening out.  However, if more of the big-cap tech stocks falter, it’s going to create some very tough sledding over the near-term.  (That said, pullbacks & corrections are normal & healthy.)
  • Gold is breaking its all-important resistance level.  Unless it reverses quickly & significantly, it will confirm a breakout for the yellow metal.  Thus, the gold ETF (GLD) should do well going forward.  HOWEVER, if history is any guide, the gold miners will outperform the commodity in a meaningful way…if gold does indeed rally strongly.


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