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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17569)1/8/2016 11:58:06 AM
From: isopatch3 Recommendations

Recommended By
Fiscally Conservative
roguedolphin
sixty2nds

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My wag is: Probably positive for gold, first. Then, oil. But not quite yet, unless the current China train wreck shifts from the current slow stair step process and the down stair case collapses into a massive straight down crash.

In the meantime? Gold is about to run into the usual seasonal headwinds:



Did some aggressive paring down of my dollar cash reserves, at local property auctions in November as I agree we are nearing the end of the dollars huge bull run. OTOH, don't know if it's done, quite yet.

What I am seeing is a volatile trading range building a broad top. Some oscillators confirm a double top, others don't. Could even see a triple top develop. All we can do is wait for confirmation of a technical break down from the formation. Not seeing that, at this point.

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