A month ago I speculated as to how low gold prices will go. I came to the uneasy conclusion that the $1100 region was a likely target for gold. A few days ago, Goldman Sachs came out and said that Gold could hit – get this – $1050 an ounce…
The McClellan Oscillator gives an “oversold” or “bottoming” signal for stock markets. This “oversold” signal is usually a reliable “long” or “buy” signal for stock markets. Take a look at this chart of the McClellan Oscillator and notice when it went below the (minus) -80 level: Now take a look…
If history repeats itself, then we could expect a temporary bounce in the US Market Indices, and perhaps even a market bottom from here. So far this month, the old saying “Sell in May, and go away” has proven to be a good strategy, with most stock markets down by…