Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.80	+8.70	+0.90%
WTI Crude •20 mins	64.05	+0.97	+1.54%
Gasoline •10 mins	2.095	+0.030	+1.43%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.27	+1.01	+1.52%
Natural Gas • 10 mins	3.042	+0.026	+0.86%
Heating Oil • 18 mins	2.136	+0.027	+1.27%

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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