A Mid-Day Madness Blurb

Markets have fought valiantly higher today to approach Monday's closing level as of this writing. Supposedly on "Greek deal hopes."

Market Madness would need to see a close above Monday's level before concluding the pullback is over, however. That we are seeing this rebound on a day when unemployment claims are up, and the Greece situation is unchanged (media chaeerleading aside) does suggest that this is indeed a simple pullback.

See you for our Daily Market Madness Recap!

Mid-Day Madness Recap

Well, for the handful of you out there who have caught on to this site we hope you benefited from our analysis of the past week. If you were sympathetic to our thesis and acted accordingly, you should be sitting just fine today. If not well, better luck next time!

The major indices are down about -1.5% as of this writing. By far the ugliest day of the year to date.
We mentioned in out newsletter yesterday that "tomorrow should provide more clarity." We believe it has done that today and are advising our followers to adopt a more defensive posture for the immediate future. Those that have not already done so, that is.

See you for our Daily Market Madness Recap!

Bullion Dealer Explains Metals Plunge

Thursday morning the London Bullion Dealer, Sharps Pixley, is reporting that a "massive 31 tonne sell order triggered gold and silver price collapse." And, being bullion dealers of course, they see this as a great buying opportunity. However, we here at Market Madness are also fans of the precious metals and also see this as a buying opportunity.

It now seems likely that this event is indeed probably what at least started the sell-off.
See ya for this evening's daily Market Madness Recap!