The More Things Change, The More They Stay The Same

Equities have broken out of a lengthy consolidation phase, which is very bullish.  The fall
in the dollar has only helped.  Nothing has changed:  Precious metals and miners continue to outperform.

The dollar is due for a bounce and stocks are due to decline.  Nothing has changed...the best odds are to be in precious metals because even a bounce in the dollar may not bring them down.

MIDTERM ELECTIONS:  historically the market rallies BIG time out of this.  The only problem I see is that the market is rallying into it.  I think it is prudent to expect some selling heading into November because of the uncertainty behind these elections.  If the GOP can capture a win here, I expect the market to exceed the previuos high.