Market Free Falls, Gold Stocks Climb Higher

The theme today was very simple: the market got absolutely demolished and gold is now sitting just below $1200. Days where the Dow will move close to 1000 points come only a few times a decade (if that), so today was special. For those investors who follow this blog you should have been near all cash besides your position in gold, and today would have been a positive one with little stress (it was for me).

To understand my current thoughts on the market, I suggest viewing yesterday's post. They remain the same even after today.

Tonight I do not want to spend too much time discussing the market itself and the whole drama over in Greece. There are many financial news sites, blogs, newsletters, etc. that will do a much better job than me. Instead I am going to let the charts speak for themselves and conclude with my always standard response.

If you are looking to bet against the market then you definitely need to view my post, 40 Inverse ETFs For Bearish Investors. And for those looking to get into Gold, some great stocks to consider are: GLD, GDX, GG, GOLD, SVM, SLW, HL, NEM, AUY, ABX, EGO, and SA.

And as far as tomorrow is concerned, be ready for anything.

NASDAQ 050610

SPX 050610

Dow 050610

GLD 050610

GG 050610

VIX 050610

VXX 050610

SDS 050610

Stay frosty out there! 8-)

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