As many of you know, since 2000 the pro's have been selling stocks and buying gold. You could observe that the maximum level we reached in the markets in 2007 was fictitious in gold terms. However, since March 2009, we might have seen a big change of trend. These same people are selling gold and buying stocks again. The targets are marked by the thin rectangulars.There are many things that support this idea: huge divergence with the RSI, and 5 clear waves to make a bearish C.
16/10/2009
