Commodity Prices

Gold •201 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	951.00	-14.50	-1.50%
WTI Crude •21 mins	76.36	-1.52	-1.95%
Gasoline •10 mins	2.091	-0.021	-1.00%
Ethanol •201 days	2.161	+0.000	+0.00%
Silver •201 days	30.82	+1.16	+3.92%

Silver • 201 days	30.82	+1.16	+3.92%
Copper • 201 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	79.14	-1.01	-1.26%
Natural Gas • 10 mins	3.863	-0.085	-2.15%
Heating Oil • 10 mins	2.563	-0.059	-2.23%

Headlines

586 days Will The ECB Continue To Hike Rates?
586 days Forbes: Aramco Remains Largest Company In The Middle East
588 days Caltech Scientists Succesfully Beam Back Solar Power From Space
988 days Could Crypto Overtake Traditional Investment?
993 days Americans Still Quitting Jobs At Record Pace
995 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
998 days Is The Dollar Too Strong?
998 days Big Tech Disappoints Investors on Earnings Calls
999 days Fear And Celebration On Twitter as Musk Takes The Reins
1,000 days China Is Quietly Trying To Distance Itself From Russia
1,001 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,005 days Crypto Investors Won Big In 2021
1,005 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,006 days Food Prices Are Skyrocketing As Putin’s War Persists
1,008 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,009 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,012 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,013 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,013 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,015 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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…

More Info

Contact Author

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