Party Like Its August 2008

All the indicators I look at seem to point to a repeat of August 2008. Leading the pack is the price of crude oil that started to tip over in July, just like it did 3 years ago. Let's review the charts:

Stock market volatility is rising:

Foreign stock markets are forming death crosses:



Canada the energy superpower

Australia the resource powerhouse that sell to China

And our best leading indicator, Semiconductors, does not look healthy either:

So no wonder gold is hitting record highs.

Got gold?