Treasury rally has begun, and Gold/Silver stocks look appealing

Bottom line, the correction this week did cause some technical damage in trends, as both $SPX and $DJIA broke down to new monthly lows on the worst week since last September.  Financials weakness continued into Friday, and has spread to European Financials, which showed meaningful reversals after a very steep uptrend from last Fall.

It’s important to reiterate that despite the breakdown in Financials and broader index gauges, the Equal-weighted in...

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