Got back early. The SPX 820 area has held and now we see a huge rally into month's end in both stocks and mining shares. GDX fell below 18 today and is a screaming buy. My target for the SPX is 1064/1072 and GDX near 29 by or around Thanksgiving.
All our models went long as a fund trade the PM NAV close yesterday.
We use Elliott Wave, cycles as well as technical, and sentiment in order to determine the direction of the Stock Market and Gold Mining Share Market. Trades verified by Timer Trac and trade the close each day. Gold trades track Profunds/RYDEX/XAU mining shares and not bullion. Weekend blog is for the longer term outlook and review of the week. Please support the Welcome Home International Foundation (below) and help yourself by getting your own My Power Mall. Please pass this blog on to others.
Help Support Child Soldier Orphans in Sri Lanka
Help support child soldier orphans in Sri Lanka by setting up your very own free and easy on-line mall with over 1200+ name brand stores. Save money, save gas, receive shopping rebates, make money by sharing with others, great fundraiser: My Power Mall "Shopping for Things You Are Going to Buy Anyway"
1200+ Personal Mall
Tax Deductible Donations to Welcome Home International Foundation