Commodity Prices

Gold •760 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,670.90	+12.20	+0.74%
WTI Crude •11 mins	80.62	-4.05	-4.78%
Gasoline •14 mins	3.043	-0.071	-2.29%
Ethanol •760 days	2.161	+0.000	+0.00%
Silver •760 days	30.82	+1.16	+3.92%

Silver • 760 days	30.82	+1.16	+3.92%
Copper • 760 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	83.82	-4.11	-4.67%
Natural Gas • 10 mins	2.751	+0.004	+0.15%
Heating Oil • 11 mins	4.046	-0.050	-1.21%

Headlines

1,144 days Will The ECB Continue To Hike Rates?
1,145 days Forbes: Aramco Remains Largest Company In The Middle East
1,146 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,546 days Could Crypto Overtake Traditional Investment?
1,551 days Americans Still Quitting Jobs At Record Pace
1,553 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,556 days Is The Dollar Too Strong?
1,556 days Big Tech Disappoints Investors on Earnings Calls
1,557 days Fear And Celebration On Twitter as Musk Takes The Reins
1,559 days China Is Quietly Trying To Distance Itself From Russia
1,559 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,563 days Crypto Investors Won Big In 2021
1,563 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,564 days Food Prices Are Skyrocketing As Putin’s War Persists
1,566 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,567 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,570 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,571 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,571 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,573 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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