Did Gold and the S&P 500 Just Bottom…? – Weekend Podcast 10.18.14

Did gold and the S&P 500 just bottom or is there more downside – click here.

The S&P 500 is down (intra-day) 10% over the past 17 trading days. That is a good amount of volatility. During the same 17 trading day period gold is up 1%.

So, there have been two questions I’ve been asking myself…

1) Is the 10% correction what the market needed to continue moving up for the next X amount of months, or is there still a little downside left?

And 2), did gold bottom at $1180(ish) for the fourth and final time…and is this a strong enough move up of 1% (relatively speaking) to mark the bottom?

Let’s look to the charts and see what they are whispering to us at the end of this volatile trading week.

You can get access to my weekend podcast right here.

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