For the most part, I have no strong opinion on market direction this week, I am leaning towards lower. My primary focus is really waiting to hear if Gary Savage states its time to load up on precious metals.
Otherwise, I am in AVL, added positions to uranium (URA), and have positions in food (RJA, DBA), oil (OIH) and some other resources. And as always, in core gold.
To the charts!
The second chart, with US 30 year bond rates breaking lower, if we go much lower, it may break the back of gold.
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