Today we received another reminder of why the old adage always warns us against catching falling knives. After some overnight stability and some slightly green prices, another turn in the bond market and rally in the POSX led to another relentless round of dumping on Comex.
So now even yours truly is too skittish to step into The Casino. Sometimes the dealer is too hot and karma is too bad to make a quick comeback and your best course of action is simply to retire your room and try again tomorrow. Similarly, at some point, an extreme low in sentiment and momentum will lead to a...
