Make Gold Your Stash Before the S&P Crash

Gold last traded at $1,794 an ounce. Silver at $27.29 an ounce.

NEWS SUMMARY: Precious metal prices fell Monday on profit-taking as rising economic sentiment boosted the dollar. U.S. stocks rose after a key volatility gauge Wall Street watches declined; which could unleash more buying.

Baillie/FX Empire--"Upon an S&P fall, a Gold advance to at least the rising trendline at $1953 is a reasonable call....We again recall the late great Richard Russell's premise that 'There is never a bad time to buy Gold.'....

'To crash, or not to crash; that is the question.' 'Twould be noble for the S&P to so do for some return to sensible valuation. But: the market never being wrong, 'tis what 'tis. Yet, the expanding amount of email traffic calling for at least a multi-hundred-point pullback in the S&P is palpable. 'Tis the trader's toil to determine if 'tis probable....

The daily news flow is at the very least rife with eye-rolling entertainment. Here are our three Goofball Headlines of the Week just past:

- 'GameStop Shares Climb 19% on Friday (04 Feb) to Finish (that) Week Down 80%' -[CNBC]
- '$15 Minimum Wage Would Cut Jobs, Reduce Poverty' -[Dow Newswires]
- 'Fed to Weave 'Inescapable' Climate Change Risk into Bank Oversight' -[Reuters]

This is to where we've arrived, folks. Be it the 'Look Ma, No Earnings!' Crash, the 'Dissemination of Misinformation' Crash, or merely the 'No One Knows What the Hell to Do' Crash, something has to give, for 'tis what markets inevitably do. And the catalyst may simply be which investment bank is the first to blink: we've witnessed historically wherein one of them announces reduction of client equity exposure, and the market then goes over the cliff. (And this time, 'tis one heckova cliff...)

Add to that next week's streak of 16 incoming Econ Baro metrics and either way it all goes, 'tis best for the Long run (intended pun) to hang onto your Gold, indeed make it your stash before the S&P crash!"