Jeb Handwerger

We are approaching the end of the year where investors are facing a confluence of mixed signals such as tax loss selling, fiscal cliff discussions, the Greek bailout, future Fed actions and Middle Eastern geopolitical turmoil.

We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report.

We are seeing some healthy profit taking in gold (GLD) and silver (SLV) after making an explosive breakout over the summer.

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue.

We have always regarded the markets as a grand casino subject to the manipulations of the Croupier and the House.

The rule of the casino emphasizes that in order for one to be right in the market, the consensus has to believe that you are wrong.

Gold (GLD) is consolidating after hitting a two-week high. Investors are witnessing renewed strength in precious metals after the Fed announced the expansion of Operation Twist until at least the end of the year.

We have climbed the wall of worry for over twenty years as wealth in the ground becomes increasingly desirable in a world that is threatened with the ghosts of depressions past.

Recently, the gold (GDX) and silver (SIL) miners have been outperforming the S&P 500, indicating that we may be seeing the rotation from overvalued equities into the undervalued miners.

We are witnessing a few cautionary signs that indicate a radically overbought U.S. equity and bond market.