THE COMING STOCK CORRECTION

A top in GOLD, and BOTTOM IN U S$ should key us off to the coming stock correction. Depending on the force of the $ rally, the correction could be severe. DROP in gold would show weakness, stall or outright rejection of REFLATION efforts.

Some divergences are in place: new high in gold, not new low in $ and no new high in HUI.

$ carry trade and stock rally that began with dollar decline should that relationship still be key...we will watch HERE and US BOND prices.

I think a correction of some size is near. Refer back to my chart and trend line "IS price ready to correct" if that holds COOL, if price breaks and holds above....not time.

IS the stock market UNDERVALUED as the nincompoops on CNBC keep saying....ans how bright they are..."stock market is forward indicator..." HAAAAAAAAAAAA

LINK TO CURRENT SPX DATA HERE PE ratio 140 yield 2% when momo dies so does mkt.

WHAT's STILL WRONG WITH WALL STREET? TIME LINK HERE

D