Majestic Trader's Take on the Market

 

Mid-Week Alert: We may have hit a temporary bottom in the markets.  We should get a bump in the markets on Thursday, but we should be down early on Friday morning after the release of the Unemployment Number (should be between 9.1% - 9.3%).  Depending on the mentality of the Traders, Speculators and Institutions, they may have already "baked" in the bad news in the selloff over the last week.  If thats the case, the markets should move higher on Friday after pricing settles after the open.

 

Gold and silver are on the move and should continue to move higher. We have seen target estimates for $1,725 Gold and $44 Silver by September. Consider GLD and SLV.