And so we say goodby to January 2016.
There is an old saying on Wall Street that as goes January, so goes the year. This is also known in some circles as the 'January barometer.'
If this is the case it is going to be a good year for precious metals and a very wild ride for stocks.
It certainly did not 'work' last year, which also forecast a good year for the metals and a bum year for stocks. The metals continued their bear market decline, but stocks were in fact down to flat.
Ah, if only life and forecasting was that simple so that a single metric would suffice.