Gold & Gold Stocks

Gold continues to pullback. Remember we got above 1350 briefly and we couldn't break out and now here we are going back down to 1300 but one thing that looks good to me are the gold stocks.

US Dollar Strength: The Current Drivers

The strength of the US Dollar I think again is being driven by the rise in bond yields. The yield on the 10-year US Treasuries is back up to 2.97 percent, still below three percent but I don't think it will remain below three percent for long.

Stocks: Sell In May And Go Away

There is an old Wall Street adage sell in May and go away and the reason for that saying is that seasonally the market tends to produce better returns in the first four months of the year January through April and then historically beginning in May and throughout the summer the market could generally go down and I think the time to buy back in is typically September , October.

you know there's a lot of big down days down in September, October so kind of get out of the market in May, go away and then come back later in the year and buy back what you sold.

Well today was May 1st and it looked like a lot of people weren't gonna wait that long and they were quick to sell.