We saw gold fall a little, but gold stocks rose nicely. We are still trying to understand the pattern that appears to be forming. It appears as a five-point 1,2,3,4,5 reversal pattern.
We see next week as pivotal for both Gold and the S&P. Inclusive of the GDP, the FOMC and the renewed tariffs spree come 18 metrics for the Econ Baro’s scrutiny. As well, Gold’s contract volume rolls...
You're sitting here up 1.29% for the week — that's not bad action at all. The swing line is sort of confirming that, having the higher lows and higher highs.
You can see how the gold has been coming back up, where the market came out and closed in the top quadrant of each day. It's carrying the market with higher lows, higher highs.
Gold served its purpose as an inflation hedge as investors piled into the metal after reports surfaced that Trump may fire Fed Chair Jerome Powell to force interest rate cuts.
It looks like all of wave $v$ of *iii* ended at the 3167.70 high, wave *iv* at the 2956.90 low and wave *v*, at the 3500.30 high, to complete all of wave -iii-.
