Markets are very close to panic mode: VIX is rising. "Buy" signal is still valid: MA50 cross over MA200 from August. Once crowd will realise that FED is NOT CUTTING RATES when everything is perfect, they are cutting rates to SAVE economy from melt down in Housing Market Collapse and Credit Crunch, the game with music chairs will begin. Rate Cuts are positive for Gold, Silver and Commodities I am expecting HUI and XAU - Gold and Silver mining companies to decouple from DOW, S&P and Nasdaq as it happen in 2002.
Positions PUT on DIA, SPY, FXI.
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