Gold being capped at lower and lower levels.

It does look like stocks have begun to move down into the yearly cycle low that I was expecting.

Those that want to trade hard assets should probably stick with general commodities for the next few weeks though and leave the metals portfolio alone for now.

Does anyone seriously think that we can print trillions of dollars out of thin air for five years and not eventually have something bad happen?

The answer to the question above unfortunately is maybe. There are definitely warning signs springing up.

The last eight months had nothing to do with the Fed trying to suppress the price of gold.

Anyone with a modicum of common sense knew that printing trillions of dollars was going to eventually have consequences.

We now have the necessary conditions for the bubble phase in gold to begin.

Short-term the market is getting significantly oversold.

All markets eventually return to the mean.

We are in the final euphoric parabolic phase of a third stock market bubble.

Selling pressure in four major currencies that make up the dollar index spawned what looked like a strong dollar.