Let's review the charts and indicators.
Yes, volatility beckons. I hear it too. There may be a revaluation of equities across the board in 2022.
Mark Twain taught us that history doesn't repeat itself but it often rhymes.
An overbought reading like this has only been seen one other time in the last seven years.
Unless you are a great stock picker and timer, a strategy of taking profits into available strength the next two months is key.
There are other reasons that contributed to Friday's selloff that still need to be resolved.
For investors looking for more from their gold positions, such as dividend income, owning shares of companies can be a way to counter inflation.
This inflation is alive and real and there is nothing transitory about it.
Traders are holding the largest bullish dollar bets and bearish euro bets we have seen in the previous year.
When the currency starts to lose buying power a move to hard currency like precious metals is a strong alternative.