Exclusive Strategies

For the weekend report, I often feel the need to review the Bigger Picture to gain perspective. I am going to do that this weekend too. To open this report, I'm going to start with a scare tactic.  Yes, that's odd, but I see it all the time in the markets, and I believe that there is no better way to face your fears than to, well... Face Your Fears.

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This Chart is an actual Real Bull Market that I have clipped for us to look at. I am calling it Gold ( though it wasn't) and it has a similar movement to what we just saw when the Miners ran higher in 2016 and peaked in July/ August, and then sold off.  The Fear tactic is that we always hear "Gold is in a bear market and must drop below $1000 to re-set."  Well, now I have heard that this was just a bounce and is an A-B-C-D down to $1000 in Gold & will put the Miners into single digits. Please read the chart.

Compare it to GDX currently -  We see the big run up in 2016, The peak in July/ August, followed by a strong sell off. All very similar to the above chart.  Are we in for a massive sell off? That is what I'm starting to hear again.  "GDX has hit resistance and is just too weak to push through."

Now that I've got your attention - lets look at the bigger picture in all sectors of the market, and answer that nagging question that is being raised above.

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