Kevin Kerr Market Quotations

The rate hike news out of China is weighing on the gold market as well as the new margins kicking in and no real new news of uncertainty in Iran.

We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday.

The next big thing on tap is the Iran situation, and we will have to see what happens then and how the market perceives the deadline passing.

The gold market has been looking for more uncertainty and we are seeing it this morning.

The gold market is fulfilling the promise that gold bugs like myself have touted for years: safe haven in uncertain times.

The true worst-case scenarios are not even close to priced in this market yet.