Commodity Prices

Gold •10 mins	2,382.50	-5.80	-0.24%
Platinum •20 mins	951.50	-2.70	-0.28%
WTI Crude •10 mins	82.75	+0.06	+0.07%
Gasoline •18 mins	2.731	+0.002	+0.08%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.30	-0.12	-0.42%

Silver • 10 mins	28.30	-0.12	-0.42%
Copper • 10 mins	4.340	+0.000	+0.00%
Brent Crude • 10 mins	87.41	+0.12	+0.14%
Natural Gas • 10 mins	1.720	+0.008	+0.47%
Heating Oil • 14 mins	2.576	+0.001	+0.05%

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Brad Gudgeon

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves…

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Good Sized Drop in Equities, Rally in Gold Near

By Brad Gudgeon - Jun 08, 2017, 3:48 PM CDT

Today (June 8) is the 4/16 TD top. The next low is due on June 12. A sudden sharp sell-off in equities (likely June 9) and a rally in gold is due into Monday. My best guess now is that we see a move into the 2380/90's. GDX could easily move from the 22.90's (forecasted 2 days ago) into the low 24.00's.

Below are charts of the SPX and GDX.

S&P500 Daily Chart
Larger Image