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I’ve been yammering on quite a bit on my Tastytrade show about how the dollar’s weakness and the yen’s strength would finally give the gold bugs a much-needed rally. Well, it’s here, and GLD has cut above an important level of resistance, besides having already blown past its descending trendline.
Year-to-date gains/losses made in the 9 Major Indices and 9 Major Sectors are shown on the graphs below…amazing gains after only 15 trading days.
The SPX is already over half-way to the 10% target I had forecast in this post for the entirety of 2018.
