1) The dollar cycle count is less clear at the present time. 2) Gold began a correction in mid August that will probably end in October. 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 of the US stock market, but that may change with a China trade deal. 5) US bonds are … read more Newsletter #235—Backwardation