Full Metal Jacket

You could have a big dipper
Going up and down, all around the bends
You could have a bumper car, bumping
This amusement never ends
--Peter Gabriel

Gold continues to move as bureaucrats around the world crank up their printing presses.

From a DeMark perspective, gold is close to exhausting an intermediate uptrend. Hard to see a deep reversal based on the macro picture, but downside DeMark projections propose $600 bullion.

As such, I did make some sales around these levels due to looming technical resistance and to raise cash for a potential house down payment (!).

position in gold