June 6 – AFTERNOON UPDATE

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Gold At A Glance

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What has changed since the weekend report? Really not a whole lot, except that the Miners were still lack luster on Monday ,while  GOLD continues looking about as bullish as they come. I woke up, flipped open the laptop quickly on the way to get a coffee and honestly was surprised to see Gold up another $13 and looking like it wants to tag $1300.  In Shock, I had to just sit down and run through the report that I wrote last night,  reviewing charts of  Miners that I had prepared, etc.  Honestly, they are NOT believing this move in Gold. Look at GG for example, it remains at the lows...

So today, a quick review and we will discuss GOLD & THE MINERS AGAIN.

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QQQ - A Doji candle formed in the General Markets, however a Doji does not have to be a 'top' as we think of them. A doji can be a pause, as seen in Early May. Loose trailing stops have kept 'Longs' in the game.

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June 4 – Another Big Picture View

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I'm going to have some short term chart analysis, but for this weekend report, I want to focus mainly on the Big Picture of each sector. My daily reports have covered much of the short term expectations.

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From Thursday -  Nice Bullish follow through and it is still early in a new daily cycle, higher prices are expected.

 

SPX WKLY as of Fridays close: The General Markets are closing right at Weekly highs. Bullish.

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