The Majors, the Juniors, and then the cats and dogs.When you see the Majors and Juniors start to move way up, the cats and dogs usually follows at the end of the cycle ,and then watch out they are greasing the skids.
Penny stocks are anything below two dollars cats and dogs.I have made lots of money.playing those penny stocks as they pay the most and if YOU do not know what you are doing they have the most to lose.Over 95% will fail.
The new alliance ''BRICS'' [ google it] have been dropping the USA dollar,,good for Gold.
United Arab Emirates officially stops using U.S. Dollar for oil trades
Nobody wants U.S. Treasury bonds. Bond Sales are in the worst stretch since the Civil War. The federal government has run up so much debt that few if any around the world, want to lend them money anymore. This cannot end well.
There is also big pressure on the banking system,and many will fail due to bad loans
Next year could be the start of lower interest rates as the USA heads to the polls.Lots of promise's and big spending.
We could see new highs in Gold big time which even the cats and dogs[ penny stocks ] will have their day.
In the late 80's you hardly buy a stock under .25.Those days might be at hand very soon.
Always expect the unexpected.
The cyclical nature of the market is the second most important thing that you have to know after psychology
Thou shalt understand the market and it's psychology buy low sell high