On Tuesday I was interviewed by Jim Goddard of www.howestreet.com and gave an update on the current action in the stock market, gold, silver in light of the recent trade headlines and action in the bond market.
Last Friday the market dumped pretty bad, but on Monday it bounced. People are getting emotional about these swings, but the real important move is going to come when it either closes above the 50-day or below the 200-day moving average, which is now acting as support.
Right now though I am closely watching another indicator that I talked about in a private post in the Power Investor group when it comes to the stock market to identify a true buy point.
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