Gold Prices Are Set for Further Decline

In the not-so-distant past arguing that precious metals prices were setup to fall generally elicited a response which was not real pleasant. In fact, during gold’s infamous bull market rally on several occasions I called for pullbacks which regardless of the accuracy of my call generated hate mail that seemingly never ended.

Fast forward to the present and hardcore gold bugs remain transfixed on the idea that precious metals must rise. The gold bull market has ended, at least for now and those still holding the bag are looking at large losses from the all time highs set back in 2011.

These same gold bugs will cite a litany of reasons why gold should be moving higher from the unprecedented printing of money by global central banks to the deficit spending and eventual fiscal day of reckoning facing most Western nations. I do not disagree with the gold bugs that in the long run gold prices will rally above the all time highs, but in the short to intermediate term there are several forces which have the potential to drive gold prices lower. Continue reading "Gold Prices Are Set for Further Decline"

POLL: "Stock," Drop, and Roll..

I don't think anyone was surprised to see that America's unemployment rate has hit new highs last month (since last September). What may have surprised some, though, was the almost immediate drop in stocks that followed. Here is a statistical chart posted by CNN Money...


So, what we want to know is...

Are you pulling out of trading stocks because of the current unemployment rate?

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As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!

The MarketClub Team