I think Trump's reluctance to give a definitive statement on recession didn't help. Also, did I hear that last years 4th quarter inflation number got restated to 4.4%?

Oh no

Don't let Monday's sell-off scare you out of the market entirely, Jim Cramer says https://t.co/P6GGPjOan5

— CNBC (@CNBC) March 10, 2025

In other words, get the hell out! That said, I can't help but be impressed by the resilience of the precious metals. They've come roaring back this morning, close to their all time highs again.

Oldsouljer said:

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In other words, get the hell out! That said, I can't help but be impressed by the resilience of the precious metals. They've come roaring back this morning, close to their all time highs again.

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I'm still not in them…

While most equity sectors are melting, precious metals are consolidating before advancing to new highs. One of the two miners indices, the HUI, has formed a powerful-looking bullish wedge and could break out to the upside anytime between now and the next six weeks. I'm not betting the farm but I am loading up on various miners. This is gonna be fun, barring a total equity-debt markets meltdown. This bullish pattern suggests that the latter is unlikely. Money is looking for refuge. Beware of crypto, however.

As expected, gold briefly touched $3,000 an ounce this morning, it's getting real out there.

Oldsouljer said:

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As expected, gold briefly touched $3,000 an ounce this morning, it's getting real out there.

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I suspect yesterday's sharp rally is the beginning of a bull trap, the coming week will reveal if it is. Meanwhile, after blowing through 3K yesterday, gold continues to surge an amazing 30 dollars beyond that and silver just breached $34 this morning. Are more people waking up to their financial peril, is it FOMO, is it three US Navy carrier groups pointing towards Iran, or is it all of the above?

Oldsouljer said:

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I suspect yesterday's sharp rally is the beginning of a bull trap, the coming week will reveal if it is. Meanwhile, after blowing through 3K yesterday, gold continues to surge an amazing 30 dollars beyond that and silver just breached $34 this morning. Are more people waking up to their financial peril, is it FOMO, is it three US Navy carrier groups pointing towards Iran, or is it all of the above?

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Well, I'll be the first to admit that six months later, the general markets are still near ATH territory. Goes to show that bears usually are broke by the time they're proven right. That said, I wouldn't want to have it all in equities for the foreseeable future. On the long side, gold is the train that just won't quit, and probably won't with looming rate cutes ahead when inflation is anything but beaten. THE chart for everyone to watch is the Canadian $CDNX chart below, which has just broken out of a multi-year reverse H & S pattern. This may very well represent the last chance to get on the microcap miners stocks while they're still dirt cheap because they're already on the move. This chart represents resource stocks of the Canadian TSX relative to the S&P 500, thus its as much a warning about the latter as a bullish indicator of the former.

Edit: Sorry, for some reason, the chart didn't show as I expected Here's a link…..
https://stockcharts.com/sc3/ui/?s=%24CDNX