BooBooMan no like what BooBooMan see.

In 2005 (first orange circle) the S & P 500 was moving up in a Cyclical Bull Market having just come out of the 2000-2003 Bear, yet Gold maintained an uptrend and didn’t break below the 46-Month (equivalent to a 200-Week) SMA. That’s NOT the case today.

Ross doesn’t like what he sees for the immediate future and neither does my professional friend, though he thinks a low of some significance is likely to be found about 5.35% below Friday’s close. His 3 chart studies of the past week are found here.