Our intermediate-term indicators remain cautious and slightly bearish. No indicator will be correct all of the time, and the long-term indicator certainly "took it on the chin" this time. However, like all good investment strategies, the system will will "cut its losses" at some point -- in order to preserve capital -- and look for another opportunity in the future.
With gold's continuing rally to all-time highs, there has been increased interest in commodities. Stay tuned for some research on the commodities markets and the diversification opportunities they offer to traditional portfolios that hold equities.