Technician David Nicoski: No Sign of a Top in Stocks; Gold Bull Market Still Intact
Also, Jim Puplava’s Big Picture: “The Last Option” and Ryan Puplava with this week’s Market Update
Jim welcomes back David Nicoski CMT, Director of Research at Vermilion Technical Research, LLC. David sees no sign of a stock market top in the near term, and believes the gold bull market is still intact. He sees the gold stocks as extremely oversold and ready to rally. David also believes the public is still in the wrong asset class−bonds. Jim gives his first Big Picture topic, "The Last Option," which discusses how we will have no choice but to inflate in the future. Ryan Puplava offers his weekly Market Update and discusses the first week of earnings season.
Ryan joined PFS Group in 1995. He is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff.
David Nicoski was previously a Principal and Senior Technical Analyst in the Technical Research department at a well-known investment bank and has more than 15 years of technical research experience. At his prior employer, Mr. Nicoski's responsibilities included assisting in the production and marketing of the Firm’s technical research products.