Well Gary, I would just ask this question... what, in this market, is proof? See Wonderland, which I just published. www.talkmarkets.com/content/wonderland?post=99867. The point being that we have scores of indicators that normally don't align doing just that right now. In a dysfunctional system I don't think there is proof. But what I do see for sure is the 'prices paid' of US manufacturers rising, the Semi Equipment sector firming a now 3 month trend in increasing bookings, a US jobs report that made a comeback as expected and the Fed acting like it is September 2008, which is off base, i.e. behind the curve. Also, I have used Larry Summers as a wonderful contrary indicator for years. I neither trust nor respect him.

Ditto. We are in a hysteria phase in bonds now. The thing about hysterias though, is that they are impossible to call re. a top. I suspect that watching TIP vs. TLT or the Fed's 'breakeven' spreads will give a clue when inflation is about to begin eating away at bonds.

Gold would be transitional in a change of systems. There will not be a real or enduring change to a gold standard. Gold is simply a counter balance and its value is measured as to what it is not, which as you noted is a financial(ized) asset. It is not a potential liability. Jewelry or industrial uses are minor related to gold's value as a portfolio counterweight.

nftrh.com/.../3d-systems-barrier-future-losses/

The thing in markets is that we have to learn to grow out of those habits. I remember I was the same way back in the 90's with certain tech stocks. You simply could not tell me that optical networking was not the future. Well, it was. But it was also a low barrier to entry business and highly competitive.

The latest example was the 3D Printer craze. I wrote an article called 3D Printing; No Barrier to Future Losses for Investors. DDD then went from 93 to 6 bucks. I had lots of negative comments (at other site where it was published) on that from 3Dp defenders.

Absolutely Louis. Well put. I used to get hate mail, but now I think the hard core bugz just think 'oh him again... '. The thing is, bashing the "community" became hip in the bear market. So I tried to ease up. But esp. during a bull we need measured discussion because people seem to lose their minds with this asset for some reason.

Thank you Patrick. I was actually preparing for negative incoming. :-(

If an insurance policy becomes a 10 bagger we have bigger problems to worry about than the markets. What I don't care for is how the "community" professors monetary soundness, but is actually among the sectors that displays the most casino mentality. Always about the price gold is going to or the prices stocks are going DOWN to. Emotion has no place in market management. That said, I am a gold bull. Just a sedate one.

TLT has IMO blown off. Also, a good chance that TIP-TLT has blown off to the downside, along w/ inflation expectations. Silver is on the verge of breaking out vs. gold. It all ties together. The world is huddling in Treasury and gov. bonds and the play is going the other way. Turn off the noise!

I really like your article's title and premise. Tuning out the noise is Thing 1 when it comes to a volatile and confusing market. Brexit IMO may have provided an (!), which often lead to new market phases.