Gold – the final bubble, page-159

SP500 daily chart. The price action at the record levels are not getting bullish traction and then fell heavily last night. Is that the smart money distributing before finally the bears took control as a big counter trend play? This fight between those who thinks no rate rise to those looking for any US data excuse is hotting up.

This obviously has huge consequence for gold/USD. The economic fundamentals say a weak chance of rate rise but you still can't ignore the charts of the DOW/SP500, Bond sell off or POG. Interesting times ahead.