Cycles look more positive next week

FOR MONDAY: (11/7) We continue to wait for more shoes to drop but now Fox News is taking the “indictment” strength out of the Clinton Foundation scandal. All this stuff takes an incredible amount of time to process so it may be naive to think that we’ll get quick answers and resolutions. Lately Mondays have been sideways and this one is before the election. Cycles look more positive going into next week for many markets that have been overdone so it may be hard to press things too much more. We continue to see a Hillary win and relief rally for stocks this week and that may be good for the dollar and bad for gold.