The Big Boys, page-566

bhp has made it up to next level. red last night but churning higher. $20 then $22 then spike and short would be the plan but each day as it comes.

utilities and bonds red. copper oil churn higher

silver was icing on cake for me with silver trending up on monthly taking gold up as well

vix gap up and spx at bottom of channel up

all poised nicely

candles on gold and silber always subjective interpretation. spike up then profit taking before move up or spike up exhaustion move then down. take your pick but most agree shows indecision. next few candles will show next move in short term.

writing on wall for macros over next month or two. us job data surprised to upside. hawks will be back. rates up spx down and once announced then gold retreats for a day or two uptrend resumes. should play out at next fed review. in meantime indecision and churn. vix gap up shows benefit of gold. safehaven linked to vix and on other side of coin if economy picks up then solid rise as silver rises with inflation.

stay the course this year again with gold. said at start of last year that goldies over the year will surprise to upside. expect same this year