SMLL - Piling On Gold And Equities For A Possible Peak In Late May-Early June: Sell In June Buy In July

Short-term Gold outlook

Gold prices should bounce back, and catch up with equities

During early Asian trading on Friday, these two charts shown below were telling the same story, but it included a lagged effect.

ESM0 - short term chartSPX equity futures were breaching the previous day's barriers as the MOTUs (investment banks, Masters of the Universe) injected fairly large-sized bids, taking advantage of low volumes in early Asian trade. This was counter-intuitive for many, as there are massive short positions being built by speculators on SPX and NDX.

As we suggested to PAM