Wednesday, April 1, 2009

Bull market anyone?

Gold is the only asset that is still in a bull market. Notice the 50 day moving average is rising and has crossed back above a rising 200 DMA.

The 50 DMA is rising and has now crossed back above the 200 on silver also. It will still require a bit more work but I expect the 200 DMA to turn back up on silver to.

Both the XAU and HUI 50 DMA are rising sharply and on the verge of crossing back above the 200 DMA.

An investor can either fight with the bear and scratch out a living trying to short stocks or they can get on board the only bull market left.

I expect it to be one of the most powerful bull markets that any of us will ever see by the way.