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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Thursday, June 11, 2020

Near term Market down

Market is looking soft, we may get a decent pullback. I expect Spx to tag 3000 and reverse.  Then we will get the final rally before we start to hit new lows for the year.  I expect market plummeting in August or September as we get closer to elections and second Covid surge.   The plunge could happen sooner if either or both take over the news.
I am positioned short, I expect miners to fall too.   Gold however may rise so any gold miners pullback should be shallow from here.

In the next Bitcoin bust, if there is one later this year, I am a buyer.

Good luck

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