FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***GLD & HUI going out at highs of the day, but be careful because the HUI is at a resistance level, while GLD has broken to a fresh 17-year high, in healthy markets, stocks lead the commodity, here the "commodity" is leading the stocks because the stocks are going to be crippled when their earnings reports come in and it's proven that $GOLD has not even risen at all proportionately to oil and this has in effect hurt $GOLD miners...

Meanwhile I forecast that $GOLD would have to beat $520/ounce just to propel the HUI to new highs...

So bullish on $GOLD for the short-term because I see a quick jolt to about $484, or $48.40+ on the GLD tracker... just "neutral" on the stocks with no true convicted stance and waiting for my day where they become oversold again as a recession becomes evident... in turn potentially triggering $GOLD back down to $375-$425...