|Chart of The Day|
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February, Mark Twain
There are two times in a man's life when he should not speculate: when he can't afford it and when he can, Mark Twain
Gold rally, an aligned up impulse since 7/24 that's generated an annualized return profile of 33%,33%,-36% (current, max, and min), has the bulls sitting on profits and forecasting a strong breakout to the upside. Gold's rally remains vulnerable as long as key intermarket trends are bearish (chart 1, 2, 3). Bearish trends, highlighted by red boxes since April 2017, are not easily reversed. While a big upside breakout is coming, it will most likely take place under bullish intermarket flows. Bullish intermarket flow most often lead price, not the other way around.
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