Observations of tiny pullback

Some observations.

–> The market could be getting inflated from inflation expectations going higher; I make my case by “Basic Materials” and “Energy Companies” providing for over
18% of this rally over May. If this view suddenly changes (see pic above), we could see a large move downward.

–> If the market begins a “correction” at this point, we can expect to see Gold fall over the short term, but I believe safe haven trade, will provide support or even be case for higher prices in the medium term.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s