Just another quick update. Gold is following its destiny lower and has now cracked not only the $1,133 level, but also technical support at $1,121. A short-term bounce should be expected, but then even lower into November.
Meanwhile the DOLLAR is SOARING and the EURO is PLUNGING. Also following their cyclical destinies.
We now have nice open gains building up on several positions. I expect more gains to come.
Oil is also rallying, albeit slowly. We are on the right path with USO.
The stock market is looking VERY TOPPY right now, so this too I am watching like a hawk.
HOLD all your positions with your stops in place. But STAY VERY ALERT. A lot of action is now unfolding in the markets and we need to be ready – as in “Jack be nimble, Jack be quick.”
Stay tuned.
Best wishes,
Larry
