Thursday Outlook: Bulls Come on Strong

The action today was choppy and uncertain. Serious sellers were met by even more determined buyers. As we headed into the close, the propping by bulls [and whomever else you choose to think of] was even more intense.

One thing is becoming more obvious: gold bugs are getting their groove back as they sniff-out the inflationary implications of all this money printing.

Volume was fairly light comparatively and breadth positive but not overwhelmingly so. Below is Yahoo Finance data which you can’t really trust. Their math is from a different planet called Yahoo?



Meanwhile, our man in Geneva gives us the real deal.

























































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