BITCOIN 7700. Have WE missed something here? GOLD: Days away from an important move and STATMAN'S commentary on the DOW-JONES.

Good Sunday morning my Steemian friends.

Lets get right to the three areas we want to address.

BITCOIN: Are we missing a significant up move here? Remember we called sell at 15,000, buy at 6950 and sell at 9750. We then said more recently "look for a bounce" 7150 to just shy of where we are". We even labelled it "For traders only" (lol) and said is that all there is?

We are at the upper end of where the bounce ought to stall. But am I bearish as some call for much lower prices? Or bullish as some (those with 6 charts daily and wave counts, with comments "it will go up, but it could go down, depending on which wave we have)? Sometimes you have to stand asided. We are bearish short term and would not be a buyer here. If long, hold. Sorry. Just have to call it as I see it. The problem remains SENTIMENT. As long as the bulls outnumber bears about 4-1, stand aside this market.

GOLD: Currently 1297 and we are bullish. The gold seasonal is working well and gold bottoms (if the seasonal dictates) in mid-June historically. Silver comes alive a little later, see the chart below.

Ironically, respected authority George Milling-Stanley head of gold investment at State Street Global Advisers calls the Fed. meeting June 13 as the date gold begins a move to 1350-1400. And that there have been periods when gold and the dollar are strong together as in 2008-2012. The Fed raises rates (it already priced in ) and off goes gold. We are in a trade war and a currency war. The Chinese are going to act in ways very very bullish for gold. So will Trump!! He demands a weak dollar and the dollar is soon going to go down. You are seeing the dollars, "last hurrah".

The Dow-Jones: My friends do you believe the economy is as good as you are being told? Do you believe this administration is doing what they can to prop up the market? Negative to the first, positive to the second. I called sell in Jan. right at the top. I said buy in April and ride it to 25,000 and say thanks! You bet we can see new highs, or close. I am not betting on it however. I just would much rather have my money NOW, elsewhere. That is where the real returns are going to occur going forward: The precious metals. I like copper as well and some other commodities, see the chart below. It makes too much sense.

Of course these opinions are mine. Please do your own due diligence.

Thanks for supporting this Yankee-statman with your UPVOTE,FOLLOW and RESTEEM.