June 26, 2024 - (Gold Market Wire) - No sooner did we admonish the market for failing to get a move on, then what we got exactly what we were worried about.

Gold:

Not a good sign...at all. We cut immediately when we drifted below the line and we were right to. We are out of the market.

The US Dollar is putting pressure across the board, wheat, corn...everything but oil. (And even that is starting to lose some steam...some.)

Breaking 160 on the Yen has set off the alarm bells everywhere. This could be the start of an epic move. If the Euro breaks down we might try a short on Gold. We are already short the Yen... which looks like it is going to fall out of bed.

Prepare for impact!