Did you notice what happened in gold, miners, and stocks at the end of Friday’s session? It was small and huge at the same time. Small because the size of the price moves that we saw in the final hour of trading was nothing to write home about per se. Huge because the shape of the most recent price moves has meaningful implications. Before we move to the chart featuring GLD, GDXJ, and SPY, let’s take a moment to consider the importance of looking at the markets from various perspectives. Have you heard that the market is nasty? I haven’t but saying that wouldn’t be far from the truth. You see, the market has this ... (full story)