It's a huge technical negative to make new highs and fail. It's the funds. All of a sudden they all turn sellers.
More Quotes from Leonard Kaplan:
My brokers on the floor work every order I give them. You pick up an extra dime here and there, and it makes a big difference at the end of the year.Leonard Kaplan
Inflation is screaming. All you have to do is look at your life and what it costs.
Leonard Kaplan
Seventeen-year highs are impressive, with the bond market showing us that inflation will be returning with a vengeance.
Leonard Kaplan
People are buying gold because it is now apparent that we are going to see massive inflation. Gold is the best hedge for inflation.
Leonard Kaplan
The funds came right back in, certainly, and today, I think, the correlation with the oil price was very evident. Oil went up to 75 and the metals went along with it.
Leonard Kaplan
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