Just a quick update on gold. Unlike silver, which gave a long-term sell signal this week, the picture is less clear for gold. The recent correction looks like it may be complete. I have posted the gold etf GLD and you can see that there is support around 100. Additionally, the pullback looks like a somewhat typical zig-zag correction and could be labeled as an elliot 4th wave. So, it would not surprise me to see gold rally here and see if it can muster an attempt at a new high. Conversely, if Gold pulls back here and breaks moves quickly through 100, it will be bearish and we may have seen an, at least temporarily, to the gold bull. Let’s watch and see what happens. 
Futures
