Monday, April 15, 2013

Somebody Selling Something?

It's Monday and somebody is selling something. The headlines are that gold is selling off due to "global growth worries," but hasn't that been with us for awhile? We have known China is slowing down. We know Europe is recessionary and some countries are in downright trouble. And the US economic numbers have been mediocre at best.

We shall see if the bulls can mount their late day comeback as they have in recent days. Or at least rebound tomorrow. It is earnings season so it will be interesting to see how folks react this week.

I remain in cash. Being patient.

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