from King World News
Today a famed short seller said investors will be buying gold at a remarkably higher price.
By Bill Fleckenstein President Of Fleckenstein Capital
April 6 (King World News) – Overnight markets were essentially flat, but that didn’t stop the SPOOs from rallying about 0.4%, then declining a touch less than that. Following that bit of what I would call “stock market roulette,” the weakness gave way to a modest rally through midday. What I mean by “roulette” is the seemingly completely random 0.3% to 0.5% (or larger) moves in stock indices these days. Of course, there are also the days where almost nothing happens, but I do like that term. It seems to fit the environment…