The cliche is that bear-market rallies are sharp and short. Today's rally certainly had the look and feel of the bear. Selected stocks went up huge percentages with United Airlines up 20%, Countrywide Financial up 60%.
Gold makes another new all time high. Silver goes up a full 5%. It is high risk to buy here for trades. That said, I believe it is still early in the bull market for precious metals. That if there are sharp and short pullbacks those will be good times to buy.
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