When it comes to general equities and all types of bonds, yours truly went into a foxhole before the end of last year, wanting to avoid them completely.

Finally, today, we have slid into the fear level. This still leaves us in the foxhole, but with a big smile and now an early alert to at least begin to consider re-entry points. We’re not near any levels for my personal consideration. However, others with a much longer time horizon and high-risk tolerance, may now want to put a shopping list together.

Early this morning, I sent this out regarding gold and silver.


I recall them doing something similar around the new millenium.

Have a most blessed Wednesday evening.

Peter