misterchan

Bespoke's Commodity Snapshot: Key Support Lines Challenged

Excellent previous comment. In my opinion, commodities suffer the same fate as did Cinderella, but worse, since there are more than 2 mean stepsisters (and brothers) on Wall St. who, whenever they can benefit, deride commodities and bless stocks. And justify bear markets by offering them as an opportunity to buy stock. Why not also buy gold when it has a correction? Or mining shares? In my opinion, the bull market in gold and oil and the decline of the dollar are still intact.

The Good, the Not-So-Bad and the Ugly Commodites ETFs

At the present time, it would seem that prudence in the realm of the NYSE is indicated. All the big boys are, and have been, for a few years, in denial about gold. And they will stay in denial for as long as gold is advancing and, whenever the tide turns, no matter if it takes 10 years, they will smile with their cold Wall Street smiles and say, "See, I told you so. You should have listened to me." And they will be happy. But, so will we. Because we will all have beaten the Dow Jones. And cashing in our gold bars, coins, etc.

Most Commodities Currently Overbought, Led By Gold

Preceding comment is very well-written and also very true. I will add another thought. It is O.K. for the stock market to be "overbought" for many months, but gold becomes "overbought" after one week. As does oil. I think not.