Wed 17 Oct

XAUAUD daily chart downtrend strengthens.

Substantial USD selling returns as usual to support stocks & EURUSD
for the election rally. Rinse & Repeat.

Once EURUSD current upleg [very overbought now] ceases, SPX can sell
sell off. Bearish GOLD has already started.

More USD selling & EURUSD buying supports stocks & causes more short
covering. When this ceases we get the crash.

Bearish GOLD & SILVER daily charts have not participated in recent
SPX / EURUSD rally. CRUDE OIL hasn’t either. This divergence is a
warning for equities.


I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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