Last week we saw a change in investor sentiment that appeared to become more bearish. Volatility was rising as the dollar was gaining momentum. Bullish sentiment is rolling over, but still is flashing over-bullish. Usually this is a contrarian indicator as it moves higher and then into a complacency territory, often signaling that a dropis soon coming.

Gold has held up well, even as the U.S. dollar is gaining. Breadth is another story though…

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