Truly excellent article!

Below are a number of articles that expand on what is said with specific investing information:

1. 5 Marijuana Stocks With Gross Margins Well Above Their Industry Peers

(www.munknee.com/5-marijuana-stocks-with-gross-margins-well-above-their-industry-peers/)

2. MAJOR Revenue Growth Expected From These 5 Marijuana Stocks in 2017

(www.munknee.com/major-revenue-growth-expected-from-these-5-marijuana-stocks-in-2017/)

3. Is One of These 5 Junior Marijuana Stocks Ripe For Acquisition?

(www.munknee.com/is-one-of-these-5-junior-marijuana-stocks-ripe-for-acquisition/)

Compliment the above article by reading 10 Ways to Build a Benchmark Beating Global ETF Portfolio (www.munknee.com/10-ways-to-build-an-etf-portfolio-that-will-beat-the-benchmarks/) which says "Follow these 10 ETF investment rules to build a global portfolio that will beat the benchmarks."

I live in Toronto and, yes, house prices are astronomical. It seems every house goes for over $1,000,000 and almost always OVER the asking price. The house next door went for $4 million and the 2 houses across the street went for $6.5 million and $9 million. These are not mansions, just big brick houses like all the others in the neighbourhood.

This article, B.I.S. Flags Canada for a Financial Crisis Next Year – Here’s Why (www.munknee.com/b-i-s-flags-canada-for-a-financial-crisis-next-year-heres-why/) states that:

>"Canada’s addiction to real estate speculation has driven Canadian consumers to record amounts of debt – $2 trillion dollars – of which a whopping 71.6% of the debt was mortgages, which Canadians have been piling into as they aggressively chased soaring real estate prices.

Also check out Toronto Housing Bubble: Average Selling Price Soars 28% y-o-y in February! (www.munknee.com/toronto-housing-bubble-average-selling-price-soars-28-y-o-y-in-february/). It is a few months out of date but prices have only gone UP month after month in a similar fashion since then.

Every month we expect the bubble to burst but it just keeps going!

I think the readers of your article will be interested in an article entitled "Crude Oil: How 'Sweet' It Can Be!" (www.munknee.com/crude-oil-how-sweet-it-can-be/) that:

>says there are over 160 different oils traded on the market theses days and

>identifies & describes the 3 primary types of crude oil and each of their characteristics.

You are not alone in your view. Here's what Sean Brodrick had to say recently in this article: www.munknee.com/this-could-be-the-most-important-gold-pullback-ever-to-consider-buying-into-heres-why/

>"IF gold breaks support...then you should buy gold and miners with both hands because that will likely mark the beginning of the next Mega Bull trend. The market won’t really turn bullish on gold again, however, until it pushes up through $1300."

Interestingly, contributor Egon von Greyerz agrees saying in a recent article entitled Buying A House Today Will Turn Out To Be A Ruinous Experience In 5 Years Time – Here’s Why (www.munknee.com/buying-a-house-today-will-turn-out-to-be-a-ruinous-experience-in-5-years-time-heres-why/) that:

>"I expect that the inflated housing bubble fuelled by credit will collapse. House prices will go down by at least 75% and probably by as much as 90%."

I could see maybe 35-45%, but 75%! That's a bit much don't you think? Anybody else agree?

With Gold currently trading at $1220.75 I'd love to have an updated comment from you as to what you think is now in store for Gold.

Thanks.

"If the bears successfully push prices below the 1232/0 area [and they had pushed it down to $1220.75 by 1:30 on Monday afternoon], look for further downside with 1225 and 1218/5 as targets. A break below 1215 opens up the risk of a fall to 1196/4."

So what is your prognosis now? $1218/5 as the low before it bounces considerably higher OR a further drop to $1196/4?

Thanks.

TalkMarkets has been full of articles putting forth theories as to what would be the direction of gold. Here what a number had to say: 1. DailyFX got it wrong when they suggested that "Gold Prices May Rise" (www.talkmarkets.com/.../gold-prices-may-rise-as-us-gdp-downgrade-cools-fed-rate-hike-bets) but they did get it right when they said >"a reversal below chart inflection point support at 1241.20 clears the way for testing a rising trend line at 1231.74." Gold has crashed through that rising trend line and is now at $1,220.75! 2. Orbex put forth 2 opposing alternatives in its article on TalkMarkets (www.talkmarkets.com/.../two-scenarios-for-gold-rally-or-deeper-retracement) riding the fence in concluding that: >"The bullish outlook remains unchanged as long as gold continues to trade within the higher lows formation. Otherwise, gold would be at risk to visit 1220 once again." Gold was trading at $1,220.75 at 1:30 Monday afternoon. 3. AG Thorson contended in a TalkMarkets article (www.talkmarkets.com/.../metals-and-miners-are-bouncing) that: >"A breakout in the dollar should lead to a 1-3 month rally. Precious Metals and Miners are expected to descend into their 6-Months lows as this occurs." 4. Jordan Roy-Byrne in a TalkMarkets article (www.talkmarkets.com/.../gold--gold-stocks-nearing-a-big-move) got it right when he said: >"Until Gold breaks $1300 and GDX retests $25 the bias for the next big move...should remain to the downside. That is why we remain cautious." 5. Hubert Moolman illustrated that fact in a graph in an article (www.munknee.com/gold-chart-says-a-massive-move-up-or-down-is-imminent/) that showing that: >"Gold is currently trading near a critical 6-year resistance line that the gold price has to overcome, for the continuation of the gold bull market but, since price has now failed more than four times at the line, there is a great chance that we could see a big drop...When gold breaks through the resistance line, however, we will see a gold rally like that of 1979/1980." 6. Sean Brodrick looked at the situation slightly differently but came to the same conclusion, more or less, saying in www.munknee.com/this-could-be-the-most-important-gold-pullback-ever-to-consider-buying-into-heres-why/ that: >"IF gold breaks support...then you should buy gold and miners with both hands because that will likely mark the beginning of the next Mega Bull trend. The market won’t really turn bullish on gold again, however, until it pushes up through $1300." I'd like to hear from anyone who would like to expand on what Alp, Orbex, Thorson, Jordan, Hubert or Sean have had to say. Indeed, "Are We Close To The Bottom In Gold?" Is $1220 the bottom?

Interesting article. Your readers might be interested in 3 articles I wrote on "timing" the market:

1. Time the Market Using Momentum Indicators

(www.munknee.com/timing-the-market-using-momentum-indicators/)

2. Time the Market Using Market Strength & Volatility Indicators – Here’s How

(www.munknee.com/time-the-market-using-market-strength-volatility-indicators-heres-how/)

3. Should You Buy, Hold or Sell? Time the Market By Watching Change In Market Trends! Here’s How

(www.munknee.com/buy-hold-or-sell-time-the-market-by-watching-change-in-market-trends-heres-how/)