The Real Deal?

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We discussed abnormal cycles in the markets in the last 2 reports, and I want to finish that discussion in the Gold report today. First lets review the other sectors and then we'll see whether or not the moves in Precious Metals are likely to be a few more false starts, or closer to the real deal.

My SPX chart from over 1 month ago is playing out nicely. I expected a test of the lows and a test of the break down as shown here.

20015 Topping SPX

SPX -  Sept 29 we got the test of the lows as expected. Now we should see a reversal higher.

SPX 9-29

SPX WKLY - We got that reversal as this week ended and I expect the SPX , DJIA, QQQ, etc to run higher.

SPX WKLY SIMILARITY

This is what I'm expecting next...

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Abnormal Cycles Part 2

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Part 2 of this mornings Gold report. I'll start with 2 charts that I pointed out  recently in premium reports and in the public post yesterday, indicating some bullishness in the miners...

ABX 9-30

Sept 30 -  GDX buy above the blue line and confirmation above the green dotted line .  We are currently seeing that today  ( we need to close that way)

GDX vs GLD 9-30

Why was this important? Using only Cycles, the volatile  movement in Gold and the Miners was causing concern and looked ready to fail.  While using some of the indicators that I have developed to monitor internals at the lows,  I was still seeing bullishness in a number of ways and technical analysis was also leaning toward bullishness, as seen above. I dug a little deeper to try to reconcile the differences and came up with this...

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Abnormal Cycles

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This report will only cover Gold, Silver, and Miners

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