Counter Trend Rally In Gold Due…And Stock Market Topping?

The GLD chart below shows gold in a declining wedge.  Cyclically, an 8 TD low is due in gold and a 4 TD low due in GDX on June 1st.  A strong rally is indicated into June 2^nd for both gold and GDX.

The stock market (as measured by the S&P500) has either made its secondary top on May 31^st or will likely do so on June 1, in my opinion. Another large drop is due in the weeks ahead.

Three charts below explain everything:

Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

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