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Pastimes : The Philosophical Porch
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To: Rarebird who wrote (6232)10/21/2010 12:15:20 PM
From: Crimson Ghost  Read Replies (1) of 26251
 
I have observed that gold often leads the market.

Not sure if it was here, but I posted several months ago that there was virtually no chance of a stock market top until gold peaked.

Gold leads the buck which in turn heavily influences stocks.

Unlike stocks gold failed to make a new high on Wed, and is down sharply as of mid-day today.

This is a bad omen for stocks and commodities and a good omen for the buck.
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