Extraordinarily strong buying makes making money look easy
This week we are focusing on the state of the market rather than any individual stocks. It is all about where the money is flowing, and how much is flowing, rather than individual company merit. This involves stepping back and taking a broader view.
The last two weeks have been extraordinary - in a very positive sense. It is rare to see such aggressive buying right across the sectors as FOMO really took hold. Given such amazing increases in such a short time frame, logic will tell you that there will inevitably be some profit taking, soon. However, if the gold price remains above US$4,000/oz, you could even see more money being sucked into the market.