Commodity Prices

Gold •10 mins	2,347.20	+4.70	+0.20%
Platinum •10 mins	922.10	+1.60	+0.17%
WTI Crude •7 hours	83.85	+0.28	+0.34%
Gasoline •7 hours	2.765	+0.006	+0.23%
Ethanol •5 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.54	-0.10	-0.35%

Silver • 10 mins	27.54	-0.10	-0.35%
Copper • 10 mins	4.574	+0.036	+0.78%
Brent Crude • 6 hours	89.50	+0.49	+0.55%
Natural Gas • 10 hours	1.614	-0.024	-1.47%
Heating Oil • 7 hours	2.548	-0.002	-0.09%

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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