Gold Drops After Blow-Off Top Signal; Netflix Disappoints; Tesla Earnings Ahead - Apple (NASDAQ:AAPL)
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 ...