USA markets will intensify their decline no matter what the FOMC minutes are (to be released at 11AM PT. ) Markets will go to lows soon established around June 21 before a meaningful rally can start.
Gold , on the other hand, after early morning decline will resume its upward march.
Let us look at yesterday's charts for 3 months.
DJI
SPY
IWM ( Russell 2000 ETF)
TZA will regain yesterday's decline as it crosses the 50 day moving average.
GDX ( Gold Miners' ETF
Gold , on the other hand, after early morning decline will resume its upward march.
Let us look at yesterday's charts for 3 months.
DJI
GDX ( Gold Miners' ETF
NUGT ( 3X Gold Miners ETF)
NUGT recovered most of the losses of Tuesday and now will move up towards 120 or so after early morning weakness .
TLT ( 20+ year bonds)
There is no Buy signal in bonds yet even after some rally yesterday
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