FLASH – Dow, S&P Negative for 2018

Dow, S&P Negative for 2018

Both the Dow Industrial Average and the S&P 500 are now negative for the year.

Stock market closing on the lows of the day.

Equity traders are expecting the sell off to continue overnight in the Far East and in Europe.

The Wall Street Gold traders I spoke with this afternoon said they have covered their short positions and now have bought into this rally and expect the price of Gold to test the next spot level of Resistance at $1,244.

Enjoy the rest of your day

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.