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Gold Drops After Blow-Off Top Signal; Netflix Disappoints; Tesla Earnings Ahead - Apple (NASDAQ:AAPL)
Benzinga·2025-10-23 00:50

Gold Blow-Off TopPlease click here for an enlarged chart of SPDR Gold Trust (NYSE:GLD).Note the following:The chart shows the our signal to take partial profits on gold.  We have been bullish on gold from the cycle low near $1000.  We have been advocating 5% – 8% allocation to gold.The chart shows when our blow-off top signal was first given.  The signal was subsequently repeated.The chart shows that since our blow-off top signal, gold has experienced the worst sell off in 12 years.Prior to the blow-off top ...