GST Issue #221
Don’t worry about the recent gold bounce. It’s about to end. Simply look at my updated cycle chart here. Not only is gold following it to a tee, but the recent bounce, though it may continue for a few days, is nothing but a blip along the path lower.
That path lower as you can also clearly see, remains in place per the forecast, with no bottom in sight until June 24.
Bottom line: Hold all gold positions, including the GLD options, and the related stops on your inverse ETFs.
Now, to other market action: Stocks are still in a roll-over phase, to the downside. We may see one more brief rally in the Dow, but that should be it. Stocks should also move lower into late June, then bounce, then move even lower into October. Hold your inverse equity index ETFs with your protective stops in place.
Agricultural markets are bouncing like gold and silver right now, but overall my models project the same price course over the next few weeks: Lower. Hold your DBA put options.
Natural gas is rallying smartly, so the UNG position is set to do well. Hold.
We are getting very close to a top in crude oil, so stay very alert for a new recommendation.
Overall, the markets are in mostly tight ranges, with the equity markets in the tightest trading ranges seen in almost 21 years. This is proof positive that volatility is about to explode higher, BIG TIME, any minute, and that volatility will most likely arise out of DOWN moves.
It appears that Greece remains the pivot point and possible trigger for the next big moves in many markets. The country is on the verge of default, and even Germany’s Angela Merkel recently stated that “default” may be the only option for the country.
Stay tuned, very tuned in!
Best wishes,
Larry
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