We've had a stealth 30% rally off the low and still almost no one believes in the rally. Many bears are still trying to short this market. This is how bull markets start with no one on board and shorts still trying to press a very mature downtrend.

This is the recipe for the initial rally of thy bear market bottom to go much further than anyone anticipates. The largest rallies occur at the very beginning and very end of a bull market.

Gary Savage
The Smart Money Tracker

Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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