I just got a chart from the folks over at McClellan which is thought-provoking. It shows how, if history is any guide, there are anywhere from one to three years left to gold's bullish run (and/or softness in equities):
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Stocks Roll Out of Bed (by Varsity Investor)
Do you guys remember that great E-Trade commercial from the dot.com era where the distraught trader jumps out his office window? He was on the first floor of his house and landed comfortably. I'm wondering if the market just did something similar. I've sort of felt like Ferris Bueller's sister this week with talk of "The Triangle" everywhere I turned. Yes, it resolved to the downside yesterday on a pickup in volume (some technically driven piling on was likely), but did it land on a thick, fluffy zone of support?
The following chart suggests that might be the case:
So Long, SOHU
Short-Term Extremes Enter Market (by Andrew Crowder)
I am keeping it short tonight, but I wanted to give all of you a quick glimpse into the current short-term state of the market.
If you haven’t already, don’t forget to sign-up for my : Free Weekly Report Twitter? Join Here. Also, for those of you who live on Facebook. You can access my info there as well. Just click on LIKE.