Today, both oil and gold stocks came out of the gate with gains and fresh new highs. But stocks scooted up to a 74 point gain on the Dow. Hmmm. Oil did back off its peak
But then stocks crater to a triple digit loss and gold and oil don;t do much. Stranger.
But gold and oil are still up with nice gains yet oil and gas stocks are much lower. Stranger.
I have no answer for you here. This market - all markets - are in flux and given all that has happened in the past two weeks flux to me means topping.
It does 'feel' that way (toppy), doesn't it? Gold, silver, oil pretty much the only games left in town -- and that doesn't seem real healthy.
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