Gold and Bear Markets - A Very Short Comment

At 17:16 UTC on September 1, the US stock markets are materially down. Whether this is the beginning of an anticipated bear market, I will only quote Chou En Lei on his reply to what he thought of the effect the French Revolution had on world history  200 years later  - "It's too early to tell."

Whether Chou was being evasive or profound is anybody's guess. The same goes for today's market downturn. Over the past few months, there have been several false starts of a bear market. I ought to know.  I dipped into some of these false starts, only to exit with fingers burned from small losses < Yes, even Guido makes mistakes. "Knowing you are a fool is the first step to wisdom" - Flower Drum Song the musical > 

Like predicting the weather in Chicago, it is also anybody's guess where the US stockmarkets are going at the moment. 

Gold, however, at this time is holding up surprisingly well. As I recall, this might have been the case at the beginning of the October 2008 crash. Eventually the gold stocks and ETFs dived disastrously along with all other assets. 

Exciting times.