In the mid-1990s as a young technical market analyst I was invited to speak at the Dow Jones Financial Symposium, a three-month lecture tour of which I attended one full month speaking at eight cities.

Over the last few weeks, there has been a pivot in market sentiment for gold moving it from bullish to bearish. On Tuesday, May 16 gold futures basis the most active June contract opened at approximately $2020 per ounce.

In the span of just under two weeks, from Thursday, May 4 to Wednesday, May 17 we have seen gold drop substantially and concurrently the dollar gained substantially.