SPX/GOLD flashing Bear Warning

What are these two charts telling us? IMO - the could be sending a signal that the 3 year old bear is about to begin again.


Here is a closeup of the above channel break as of yesterday. This is a serious breakdown. Why has this index followed the SPX to a T till now? Good question.

Here is the long term trendline for the SPX 1000, that is the line in the sand. For deflation and the K wave this has to be taken out or the whole theory is out the window.

We shall continue to monitor this index for clues to the new top in this market. Many signs are flashing and this is just one more.

West