GMI-2 falls to zero, with all indicators negative. I am mainly in cash. This is an unusually good description of how bad this market decline is.
It looks like gold is forming a Stage 1 base. The gold ETF, GLD, formed a double bottom around 114.50 and appears to be forming a base. Gone are the pundits talking about gold reaching $2,000 or $3,000 per ounce. As they now proclaim that gold has more to fall, it probably will start to rise. I am nibbling at GLD. Here is its weekly chart. As always, watch the chart, not what the pundits say.