
ARORA BLOW-OFF TOP SIGNAL IN GOLD FORETOLD THE WORST DROP IN YEARS, NETFLIX DISAPPOINTS BUT OPTIMISM ABOUT TESLA EARNINGS AHEAD
By Nigam Arora
To gain an edge, this is what you need to know today.
Gold Blow-Off Top
Please click here for a chart of gold ETF (GLD).
Note the following:
- The chart shows the Arora signal to take partial profits on gold. The Arora Report has been bullish on gold from the cycle low near $1000. The Arora Report has been advocating 5% – 8% allocation to gold.
- The chart shows when the Arora blow-off top signal was first given. The Arora blow-off top signal was subsequently repeated.
- The chart shows that since the Arora blow-off top signal, gold has experienced the worst sell off in 12 years.