This has the potential to support big advances in 2021 and 2022.
Let's examine where several key markets may be headed next -- and revisit financial manias throughout history.
What caused this rally?
Gold and silver are significantly higher year-to-date.
Traders may be mistaken in giving up on gold and silver and could miss out on potential solid gains in those metals.
So, will folks spend the remaining weeks of the year winding down? Perhaps they don't want to press their bets?
Little changed on Wednesday as the chop-fest continued, but here's what I see happening with volatility.
We have a mispriced cross-asset opportunity in gold and silver.
There are pockets of strong momentum.
We've got other business to take stock of: Breadth, sentiment, new highs, and, don't tell the talking heads on TV, gold.