Saturday, June 1, 2013

1 June 2013 (Gold versus Nasdaq)

 Medium term remains in decline.
Short term didn't fall below previous low.  Remains somewhat oversold.

Looks like gold and silver are pulling back to the Nasdaq like they did in 2008.  We will have to wait and see what this holds.  Oil remains stubbornly high.  It could break out heavily to the upside or downside out of this coiling pattern.

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