As the bear market rally comes to an end, it now appears the metals are set for a massive spike.

Bear Market Rally Exhausted
By Bill Fleckenstein President Of Fleckenstein Capital
February 7 (King World News) – Stock market bulls took a break today and the indices fell more than 1% in the first couple of hours. There was no proximate cause that I could see. Perhaps the bear market rally has finally exhausted itself, which is how they typically end, but after the little maniacal run we have seen I’m not in any hurry to reach a conclusion. (Some may blame it on negative trade headlines, but those came after the slide began.)…

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After the early dip, the market fell some more in the afternoon, but then rallied a little late in the day to trim the losses to the 1% or so you see in the box scores.

Away from stocks, green paper was flat, fixed income was higher, and the metals gained a little bit as well, while the miners kind of just flopped around and finished slightly lower.

Housekeeping
There is not much more I can add given where we are, so perhaps it is just as well that there will be no Rap tomorrow, as I will be traveling. The question is, however, whether we will see some big volatility, as so often happens when I am on the road, for some mysterious reason. In any event, Ask Fleck will run as usual.

Also of importance…

Expect Huge Rally In Base Metals
From top Citi analyst Tom Fitzpatrick:  Base metals appear to be bottoming, with copper, nickel, and zinc especially showing positive price action (see charts below).

Copper Price Set For Big Surge

Nickel Price Set For Massive Spike

Zinc Price Also Set For Big Spike

King World News note:  This is all part of another wave of inflation that has been building.  This is what happens when central banks around the world engage in the most dangerous and unprecedented monetary experiment in world history.  Continue using pullbacks to accumulate physical gold and silver as well as the high-quality companies that mine the metals.

***Also just released: WARNING: A Word From The Wise CLICK HERE TO READ.

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