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Message: Re: Klaus-Profits

AL2
Apr 05, 2010 01:45PM

Re: Klaus-Profits

in response to by
posted on Apr 05, 2010 02:26PM

The overall market is incredibly strong - way overbought, but remains so. Internals consistently strong. Gold & the PMs still in consolidation/range mode. However, historically the sectors that did worst in March tend to do best in April. So gold & PMs should do well this month. Also, the Venture exchange finally looks like it wants to join the party. I've stopped raising cash and gone back to buying and selling at equal levels.

For April and possibly May, I'm expecting the overall market to run roughly sideways (perhaps choppy) with the PMs outperforming. Still think we'll have a sluggish summer. If it plays out that way, it would set up a strong rally in the fall.

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