Over The Cliff Time?

Is it over the cliff time for general equities? I think its getting close, but there is still a few more suckers to get into the killing field before the boyz are finished. We’re going to see over the next few weeks, maybe even to the fall, a levitation of the general markets. You may think this is a buy signal, but you better keep an eye on the breadth, NOT the overall headline indices. In my opinion it is going to be ugly under the surface for many equity holders in terms of their portfolio WHILE the CNBS headlines show a rosy picture in the indices and their headlines while the boyz pass off their shares to the rubes.

The distribution process during this cycle is one helluva process and requires a little more time to resolve. Gold and silver will be an area of incredible benefit but again in my opinion the paper markets of the miner shares will be the rotational beneficiary of the ponzi. 

I see little CONclusive evidence that they’re ready to turn loose of the accumulation phase in miners yet but a hint that we are nearing a “boing” are the increasing  green days for many miners with the paper metal prices “dead red”. For me that is a strong indication of seller exhaustion and the nearing end of accumulation. Again that could CONtinue for a few more weeks. Watch of course for the big price spikes in miners on double volume.