Another week of watching and waiting.

I did manage to get stopped out of GDX last week with a small loss. I'm not too concerned about that in that I don't think Gold is going up a whole lot farther before it turns around and goes way, way down. The next buy signal for Gold will be 1000 or below. The remaining 3 ETF funds in the Model Portfolio are all in the green led by UCO which is up 32% and TBT which is up 24%. I'll skip the charts this week as not much has changed. 

DXD	100	34.49	34.70	0.02	$2.00	$21.00	0.61%	$3,470.00
TBT	100	65	80.63	0.71	$71.00	$1,563.00	24.05%	$8,063.00
UCO	100	30	39.61	1.09	$109.00	$961.00	32.03%	$3,961.00
Total					$36.00	$2,545.00	19.65%	$15,494.00

All this leads us to where are we and where are we likely to go? 

GOLD: Gold is in the middle of a short term rally before it heads south again. Mid term look for Gold below 1000. Long term it will go to unimaginable heights but that is quite a ways down the road. I will try to short gold again with GLL from the 1400 level and try to ride it all the way down to 1000 before going long again.

DOW: The Dow may or may not correct in the next 90 days but I think it may have one more run up before the " Big One ". The low was most likely put in back in 2009 at 6600 but I think below 10,000 is in the cards on the next real correction. I'm hoping to short the Dow down to 10,000 with DXD and go long after that.

OIL: Oil is probably nearing the top. I think as soon as this nonsense in Syria is over and the next recession starts oil will turn down and go as low as 30 dollars a bbl from it's current level of 115 dollars a bbl. I will start shorting oil at around with SCO 120 and try to ride it all the way down. 

In general terms we have a recession looming in the near future. By near future I mean 24 or less. After 2015 things should start to improve as a whole bunch of good things start to kick in.