Stocks and gold: Has the turning point arrived?

Several Analysts have been forecasting the end of the stock rally, followed by a rally of the precious metals and commodities. There have been indications, the most important being  the bouillon banks turning long on gold and silver. It is one thing for Analysts to show you coming peaks but it is another for people to bet millions and billions on what they believe will happen.

We all know what drove stocks to overbought levels: the printing of money, the buy backs and the tax cut. But, the FED is tightening and sooner or later it will break the back of the rally. Yesterday it was time for the "sooner." Today, the Market confirmed the drop.

The idea is that with the topping of stock prices people will now invest in gold and silver, uranium and other commodities.

Anonymous of MarketSlant read the tea leaves of his graphs and predicted that gold will go to 1,224 then accelerate to 1,245 then to 1309.

Another Analyst predicts a rise in  gold to 1,450.

I say "BRING IT ON."

Here is a plot of stocks in 3 markets. I could add the Shanghai index that is also down.