That’s why I stay away from any currency, oil, and especially gold/silver trades. I learned long time ago that it makes me poorer.

LOL. Just to make clear, in recent months when I’ve repeatedly stated that “we are just a bad day or two away” from breaking below those long-term trendlines, I was/am in no way stating that my expectation is or was that those trendlines will or were going to be taken out in one or two days from those points in time. What I was saying is that at those times when the indexes were trading just above those TL & key moving averages, it would only take one or two big down days (~3-5% down days) for the market to take out those key support levels. A very important distinction that I wanted to clarify for all lest it was interpreted as my expectation vs. trying to convey how close we were to major support & how quick those level could go if the market were to start selling off impulsively.

Sorry if that wasn’t clear & yes, that ‘5 Reason the market will likely rally this week’ call exactly one month ago April 22nd was followed by initial weakness in the market early on that week but QQQ did close that week positive by 1.3% that week & moved as high as 5.25% following that posted after falling as much 3.59% first. I could be mistaken but I believe today’s “5 Reasons Gold…” & that April 22nd “5 Reasons the Stock Market…” were the only two times that I’ve posted “5 Reasons” why I expected anything to do this or that. Maybe not but there is an advanced Google search option for the site that would be the most way to find out.

To alert you, this is one of two Randy posts that you should be careful with:
1. “we are just a day away from bear market”
2. 5 (more) reasons why xxx will rally this week.

I’ve found that recently these two predictions usually don’t play out immediately and don’t hint an immediate entry. :p

Hurst is looking for Gold rally in Aug to run into 2020