1-Bob, are we topping out in the stock market here?

The stock market is nearing a top in my opinion. With Greece and China affecting investor confidence, I expect to see increased volatility in the coming weeks.

2-Are silver and gold finishing their bottom?

Although I’d love to see an end to the bottoming madness, I expect to see the Precious Metals market get knocked down as the industrial stock market corrects. To be clear, I expect the usual paper manipulation to take place in gold bullion with “midnight transactions” designed to bring the price of the gold bullion down during periods when there is no liquidity.

Yes, gold could dip as low as $900/ounce. The physical market will react further putting pressure to the central banks and other government entities that prefer Gold to stay low. This will be a great opportunity to anyone waiting on the sidelines.

3-Could we be facing difficult economic times?

Any correction in the market will bring the realization that the US economy is not in a recovery as we’ve been told. If we factor in prolonged drought in California with extreme cold and exaggerated snow fall in the east during winter, we’ll see the return of higher prices for some energy sectors. This could be offset if the US and Iran work out a way to reduce or eliminate sanctions. This would help keep energy costs in check, but it would not stabilize or increase food production or help prevent social unrest (chaos?)which is clearly building in every corner of the planet.

*In case we are finished making a bottom or have already made a bottom in many mining stocks, Bob has been patiently accumulating specific mining stocks during their price weakness. In essence, he has seen mining stocks that seem to have already made their price bottoms and has used their price weakness as opportunities to invest at very cheap and undervalued levels.*