Despite a flip-flopping stock market in last two days, the rally in junk bonds never took a breath. Use
JNK as a proxy, the price has recovered 100% loss since Lehman collapse, with no sign of exhaustion, indicating reinvigorated animal spirit will take rally in equity much
further, which is another
ponzi scheme promoted by ultra loose monetary policy.
After rally to test previous high earlier this year, gold has been in consolidation mode during weak season. As we see the contraction in 20 weeks bolling band always lead to large move. the time is due. Triangle pattern usually breaks out in the direction of predominated trend, so we may see 1000 gold very soon.
After a few weeks working out oversold conditions, dollar appeared to be bottomed out a a couple of days ago only before a huge
selloff end a weak rally that failed to
capture any significant price level. This failed pattern suggested large money follow out of dollar once again overwhelmed current supply /demand balance. I would not be surprised a dollar move south in a panic mode which will serve a catalyst for gold's breakout.
Despite a flip-flopping stock market in last two days, the rally in junk bonds never took a breath. Use JNK as a proxy, the price has recovered 100% loss since Lehman collapse, with no sign of exhaustion, indicating reinvigorated animal spirit will take rally in equity much further, which is another ponzi scheme promoted by ultra loose monetary policy.
After rally to test previous high earlier this year, gold has been in consolidation mode during weak season. As we see the contraction in 20 weeks bolling band always lead to large move. the time is due. Triangle pattern usually breaks out in the direction of predominated trend, so we may see 1000 gold very soon. 
After a few weeks working out oversold conditions, dollar appeared to be bottomed out a a couple of days ago only before a huge selloff end a weak rally that failed to capture any significant price level. This failed pattern suggested large money follow out of dollar once again overwhelmed current supply /demand balance. I would not be surprised a dollar move south in a panic mode which will serve a catalyst for gold's breakout. 
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