New High on Gold as Debt Ceiling Increased; Enough Said….
Ominous Head & Shoulders top breakdown for the financial laden NYSE index….
We would suggest immediate evasive action for any equity portfolio if defensive measures have not already been taken. A portfolio consisting of at least 50% Precious Metals would be appropriate. Anyone know the whereabouts of an investment vehicle with said Gold and Silver exposure? “FORTUNE FAVORS the BOLD”
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: We are Long Gold and Silver