Sunday Night Shenanigans

Index futures have gapped higher Sunday night, gold is down following a nasty head-fake, and all is wrong with the world.  The tide could always reverse by morning, but as of around 8 p.m. Eastern there was nothing in the news that would account for the buoyancy in shares.  Distribution seems to be an entrenched fact of life on Sunday nights in any case, and this night, with no horrific geopolitical headlines to impede the effort, has been no different thus far.  Check out the chart accompanying today’s Feb Gold tout if you want to see exactly what would make a further fall of 4% in the gold price all-too-likely. And if you don’t subscribe, click here for a free trial to Rick’s Picks.