By Thierry Laduguie | Thursday 20 June 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have always been a believer in “the trend is your friend” but on 22 May I was on my guard when my unique sentiment indicator flashed a warning to the bulls. From that moment I expected the second chapter in the chaotic zone I wrote about on 5 April to start. This time it looks like it’s for real; Gold is collapsing, 10-year bond yields are rising, mining stock that have been at the forefront of the bull market since 2009 are making new lows. More importantly the Fed and other central Banks are living in cloud cuckoo land.
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