“I have a view of markets, OK? It’s almost like, whatever the narrative is at the time, you know it’s likely to reverse. For example, I look at the Emerging Markets that got hammered, hammered, hammered.
Next thing you know: Whoomp! Away they go, they turn around to the upside. It’s like this Invisible Hand comes into the market.
So, you look at the gold market, and as you and I both know, we’re at the 50-day, and we’re thinking, ‘Oh my God, it’s going to break out of a down trend that it’s had for the last three or four months.
It goes right to the line and bang! Right back down again. And viciously down.”
- Source, Sprott Money
