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Never Confuse Brains with a Bull Market

Bob Moriarty
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Jul 23, 2020

At the point where you start believing you are smarter than the market, it will whip your donkey. Brains are not the same as a bull market. But even in the bullish of bull markets there will be corrections. We are near a correction in the metals.

I’ve never understood how the “Experts” insist on confusing just who it is that moves markets. The commercials do not make the markets go up and down. That role is reserved for the speculators who are dead wrong at every turning point since they are the weak hands. They are the first to panic since they lack the financial background of the commercials. All the commercials do in any market is to take the opposite side of the trade for whatever dumb move the speculators want to make.

So you can forget the short squeeze and Comex default. If you want to know what is going to happen next in any market, follow the DSI since it will warn you of every market turn.

Silver has had a DSI of 93 for two days running. Gold is up to 91 while palladium is showing a DSI of 90. Those are nosebleed numbers and indicate a lot of frothiness indicating a turn is coming soon. Even in a bull market. The USD is at 13 while the Euro is at 88 showing the tailwind for the metals coming from a crashing dollar may well change soon.

When you begin to get giddy at watching your resource stocks go up day after day it might be a good idea to take some money off the table. A top in silver and gold might be a month from now. Or it might be tomorrow. A tradable correction is coming this way soon.

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Bob Moriarty
President: 321gold
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