Marc Faber: Sharp correction coming this month

From Newsmax:

Contrarian investor Marc Faber says stocks will fall sharply in May, turning the recent breakout in stocks into a trap for the bulls.

The markets are due for a correction, and the technicals point to a weak market, Faber tells Wall Street Pit. In particular, he points to the decline in new 52-week highs as evidence of an unhealthy internal market.

Right now, Faber advises investors determined to buy stocks to stay away from cyclicals, tech stocks, and banks... sticking with...

Read full article...

More from Marc Faber:

Marc Faber: This is the "end game"

Marc Faber: Sell stocks now... buy this instead

"Dr. Doom" Marc Faber shocks CNBC anchor with rant on poor people

View the original article here

The absolute must-read editorial of the week... of the month

From 321gold.com:
Bernanke, You Stupid B%#%^*d
Yes, you.
And Trichet, and the rest of the Central Bank fools.
But especially you, Bernanke.
There's dumb and then there's really dumb. Let's take a short walk back down history lane.
You were sure there was no housing bubble.
Then you were sure it wouldn't pop.
Then you were sure when the subprime problem hit, that it wouldn't cause a recession.
Then you were sure you had it under control with Bear Stearns' hedge funds.
Then you were sure you had it under control with Bear Stearns itself.
Then you were sure it was under control with Lehman, even though you had to know Citibank and others were refusing their collateral in the repo market.
You were sure QE would support higher bond prices - and lower yields. The exact opposite thing happened.
You were sure QE2 would suppress long end yields. The exact opposite thing happened.
Oh yeah, you made excuses both times, but in fact you publicly said that in both cases the exact opposite thing would happen that did.
Now let's look at what happened just today...
Read full article...
More must-reads:
Porter Stansberry: You must prepare for a crisis NOW
Stansberry: Detroit's socialist nightmare is America's future
The best explanation of Barack Obama's agenda we've ever read
View the original article here

Why silver could make another big move next month

From The TSI Trader:

There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic. With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes.
For this study, I have chosen to examine the relative degree to which silver price can exceed its underlying 200-day moving average. This weekly chart of the World Silver Index (XSLV) uses the 40-week moving average as a proxy for the 200-day moving average.
Silver is currently making its 5th parabolic appearance since the secular bull market for gold and silver began in late 2001. The range that silver has been able to soar above its 200-dma in previous parabolic moves, ranged from a modest 21% to a mind boggling 65%.
The rule of thumb for these kind of things is...
Read full article...
More on silver:
What you need to know about buying silver today
Coin dealers are seeing unbelievable demand for silver bullion
Three new reasons to buy silver that many investors aren't aware of
View the original article here