US earnings will show whether the current bounce is justified or...

US earnings will show whether the current bounce is justified or whether we will likely head down to lower lows, my thinking is of the latter...

If earnings do meet/beat expectations, then I'm doubtful that their forward guidances will be very positive given what is happening to the rest of the world's economies.

In any event, Gold/Gold producers should continue to do well as we further head into this part of the cycle.


AXGD - Daily Chart

Strongest looking sector chart I can find on any index.