The Golden Triangle
Well, it’s nice to see some red on the screen, although I’m far too deeply cynical to think a single red quote will stick until the day is over. I will say, however, that precious metals are particularly vulnerable right now (and even more so, the miners). If gold breaks its symmetric triangle, shown below, the weakness we’ve seen lately will accelerate.
Also, since it’s been rough sledding for the bears for quite a few weeks now, I wanted to set aside my Christian principals and call upon the dark powers of Marty. I am a desperate man, so… hail, hail to thee, oh Marty, Man of Mystery, let your splendid powers prevail and bring the bulls despair and hail.