1) The USD is likely on daily cycle number two of a new intermediate cycle. If this is accurate, we would expect higher prices following a pullback into a daily cycle low. 2) Gold reached its IC peak and is in the process of putting in an ICL. A rally, followed by a move to lower lows is expected. 3 The current stock market rally likely peaked at least temporarily. We would now expect a … read more Newsletter #206—Reversing Course