1) The dollar is in the middle portion of its intermediate cycle. We expect sideways chop for a bit longer. 2) Gold began its fourth daily cycle. Although it possibly printed its intermediate cycle high, it should rally into a new daily cycle high. 3) The stockmarket is at critical resistance. If a bear market began, stocks should not rise above their former all time highs. 4) We expect oil to roughly follow the path … read more Newsletter #234—The Saudi Factor