We are now in a deflationary economy, so for sure the S&P is going down, down and down — its “hasta la vista, baby” for the S&P!

Oil from your chart will find support lower at $66, then $60 and finally fall below $60 — the support level of $60 will then serve as resistance, so we will see oil in the $50s for quite some time.

You have been consistently right on with the US Dollar, its in a bull run.

Now, gold — it's that which will preserve one's wealth as concerns over Sovereing Debt arise and the PIGS, Portugal, Italy, Greece and Spain, exert their Sovereignty over that over the European Union by failing to reing in debt.

The yield curve continues to steepen on concern over Sovereing Debt in general; the steepening yield curve is seen in the following interest rate spreads, which has created an investment demand for gold since August 15, 2010 when gold rose above $950.
1) the TBT to PST spread began increasing April 13th and then again October 1, 2009
2) the TIP to IEF spread began increasing May 4th and then again October 11, 2009
3) the LQD to SCPB spread began increasing October 14, 2009
4) the $UST30Y to $UST1M spread began increasing September 10th and then again December 12, 2009.

The investment demand for gold truly began to grow on October 1, 2009, as the yield curve steepened; this can be seen in the chart of the gold etf, GLD, relative to the world stock etf, VTI — GLD:VTI.

As, curriencies, DBV, stocks, VT, Treasury Bonds, TLT, fail, gold will be the safe have investment.

My investment maxim is simple: in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength. Despite today's downturn, gold is in a bull market; therefore, continued price dips in gold represent buying opportunities. One's wealth is now best garnered and protected by investing in gold at BullionVault.com, GoldMoney.com, buying British Sovereign Coins, and buying the gold ETF, GLD, in a trust account, not a brokerage account.

We are now in a deflationary economy, so for sure the S&P is going down, down and down — its “hasta la vista, baby” for the S&P!

Oil from your chart will find support lower at $66, then $60 and finally fall below $60 — the support level of $60 will then serve as resistance, so we will see oil in the $50s for quite some time.

You have been consistently right on with the US Dollar, its in a bull run.

Now, gold — it's that which will preserve one's wealth as concerns over Sovereing Debt arise and the PIGS, Portugal, Italy, Greece and Spain, exert their Sovereignty over that over the European Union by failing to reing in debt.

The yield curve continues to steepen on concern over Sovereing Debt in general; the steepening yield curve is seen in the following interest rate spreads, which has created an investment demand for gold since August 15, 2010 when gold rose above $950.
1) the TBT to PST spread began increasing April 13th and then again October 1, 2009
2) the TIP to IEF spread began increasing May 4th and then again October 11, 2009
3) the LQD to SCPB spread began increasing October 14, 2009
4) the $UST30Y to $UST1M spread began increasing September 10th and then again December 12, 2009.

The investment demand for gold truly began to grow on October 1, 2009, as the yield curve steepened; this can be seen in the chart of the gold etf, GLD, relative to the world stock etf, VTI — GLD:VTI.

As, curriencies, DBV, stocks, VT, Treasury Bonds, TLT, fail, gold will be the safe have investment.

My investment maxim is simple: in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength. Despite today's downturn, gold is in a bull market; therefore, continued price dips in gold represent buying opportunities. One's wealth is now best garnered and protected by investing in gold at BullionVault.com, GoldMoney.com, buying British Sovereign Coins, and buying the gold ETF, GLD, in a trust account, not a brokerage account.

The weekly SPX 50 EMA rests at 1,041 which confluences with the prior daily support level.

There's a brick wall (EMAs) overhead and it would take some powerful buying and a hideous bear trap to break through.

Gold looks to be targeting the $1,020/$1,000 level indeed – critical support there.

Gold I see going to 1020 or 1000

Keep up the cool analysis
Diggy