The Steadfast Top

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I’m in sort of an odd psychological position, because I have the largest precious metals short I’ve ever taken on in my life (by way of JDST), and yet it seems to be more or less inversely correlated to equities. Thus, if miners are sinking (yay!) then equities are rising (boo!) and vice versa. So I’m never happy. Typical Tim.

Anyway, the equity top seems to be holding up, in spite of the bulls trying all week long to slash my throat again. The Dow Jones Composite, shown below, needs to stay beneath 7180.