As far as gold is concerned, I continue to think that the easy trade in gold is in front of us and that there will be a great buying opportunity for longs within the next few weeks. I would prefer to see gold drop under key levels like the 50 dma and the next lower fib before overweighting for the next move, but physical demand may not allow that to happen.

Here's a chart I showed you last week.

Hold your core, add on weakness and hold on to your hat because when it goes, its going to fly!