Sadly, terrorist attacks are becoming the norm. Unless an attack involves chemical, biological, or nuclear weapons, I don't think markets will react very strongly to future attacks. With the migrant crisis in Europe, it's almost a given that terrorists will make their way into the western world. If an increase in attacks on European soil threatens to increase the probability of Brexit, though, the S&P 500 (and others) will likely look a lot different in terms of losses.

I agree. I feel bad for the people that followed Goldman Sachs recommendation to short gold. Gold may pullback significantly at some point, but I still would not even think about shorting it. I may have to look at some of the put options for platinum after reading this article...

Seems like unless one is an experienced day or swing trader, this market is one worth sitting out for the time being. The rounded top is eerily similar to 2008. Unless corporate earnings really start to improve, there's hardly any justification for getting back in right now. I will also be waiting to see how the possibility of a June Brexit affects the global markets.

It is disconcerting to me that the miners have gone up parabolically, yet they show almost no signs thus far of retracing their gains since January. If there were to be a decent pullback, it would make for a good entry provided gold is still holding up above $1180. I have a strict policy of "no chasing", so I plan to wait around for now and see what the metals do.

I am sitting in mostly cash right now, with the exception of a small amount of GLD and a broad based index fund. I do not trust the current rally at all.