Technical, fundamental and seasonal influences point to another volatile period for equity markets around the world this week. An opportunity to initiate/ add to positions will present itself when short term technical indicators start to recover. Preferred strategy is to prepare for an entry into economically sensitive sectors (particularly sectors that benefit from seasonal influences). For now, patience is a virtue. Ed Note: This comment by Mark Leibovit is also on Don Vialoux's site this morning. You can visit the site HERE

Mark Leibovit’s Daily Gold Comment
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GOLD – ACTION ALERT – NEUTRAL
Spot gold and silver are still holding last Monday’s lows (1665 and 30.59, respectively, but that may not last very long. I do not like what I’m seeing technically. As stated, risk in gold is to first 1600 and then back to the September 1531 low. There is even potential risk well under that level if panic atmosphere unfolds much as we saw at the end of 2008 when they literally threw the baby out with the bathwater. I hope I’m wrong and I hope volume flips back to the upside – possibly in conjunction with major efforts on the part of the aforementioned debt monetization by the European Central Bank and the Federal Reserve. I am currently posting a NEUTRAL reading on gold and silver, but have my finger on the SELL button. None of this changes my longer-term view, but I am a technical analyst as well as an overall market strategist. When storm clouds appear, we take cover and ask questions later. The gold and silver market have bitter enemies at the highest levels of world government. It is clear strength in gold and silver at this time would cast a deep and dark shadow over their credibility – much as it has done throughout history – something they really are not partial to tolerating. It’s truly a tragedy that despite great public relations efforts on the part of government, regulators and exchanges, we truly do not have a level playing field and free capital markets. Hopefully, I live along enough to see the rascals in government and thrown out and better, more honorable people like Ron Paul in their place. Bottom line: gold and silver and gold and silver mining shares are great long-term investments, but not necessarily at this moment. Caution is advised.

More at Don's Technical Talk site HERE