Tuesday afternoon I spoke with Jim Goddard of www.howestreet.com about the drop in the DOW. At the time of our discussion the DOW was down about 500 points. By the close it was down close to 900. It is important to understand the market structure to understand what is happening. We are NOT heading for a 2008 style crash here, but yes it is a mess this week.
Gold and silver are doing better than the stock market so far this year to show us that these are really the best things to be buying this year – just as they were last year!