$SPX Monthly

Post fed meeting was not a seminal and auspicious occasion enough to move markets, though after NASDAQ new historic highs, market depth continued to decline. Note that I added two important price indicators below, the VIX and Pring's Bottom Fisher Indicator. This all taken using examples from Stockcharts.com.

http://bit.ly/2cRACKN

$VIX Weekly

The VIX breakout was not to be, so I will go back to assuming a new historic low in the VIX out of cynicality, and resume with the original assumptions, as the recent very auspicious move in VIX may have been a precursor to a market rout, but only later after some unexpected event. An additional horizontal line was added to the weekly VIX in an attempt to forecast the timing of a new low.

Sold all HVU.TO.

http://bit.ly/2cWlqZV

$Gold:$CDW Weekly

There has been virtually no change to the analysis of the $CAD gold price chart, as gold prices are very well supported due to negative rate regimes in the Eurozone and Japan. Stephen Poloz has also been discussing lower rates for longer.

The 89-week EMA is nearing $1600 CAD/oz.

I also need to correct myself on a previous posting, that an IPO can be anticipated out of the former GBN on a 10:1 reverse split basis of 30m. shares for $30 a share. All of the technical records of GBN will probably disappear with a new listing if a new prospectus is required. This will not change the 30:1 basis of the existing shares which aught to be converted to preferred's.

That would mean a massive IPO of close to a billion and an asset transfer of some $750m. I suspect that the new shares will probably pay a dividend.

http://bit.ly/2d0CEJ2

!PRII Weekly

The data on Pring's Inflation Index appears to have been corrupted, as it has had a large move to the downside which was not reflected in commodities prices at all. So Pring's is not available to make any observations on the gold price save that by all indications, the dollar will sell off at some point, which will probably be the market rout waited after for so long.

http://bit.ly/2dkwF2w

-F6