Like I was mentioning in my last post (A Look at a Few Gold Ratios / A Few Words on Risk), the risk environment is rising.
And this shows up on many other measures besides gold. Look a comparison of the Dow ("safe" blue chips) vs. the Russell 2000 ("risky" small caps), and tell me in a straight face that risk is low and it is safe to be bullish.
Well, I am just going to go ahead and show you.
Keep buying those dips! /**heavy** sarcasm/