Is Now the Time to Buy Gold?

Another day of stock market gains, as the Nasdaq 100 and Russell 2000 made new closing highs that have been confirmed by their Advance/Decline lines. The Dow Jones Industrials made a new closing high by 20 cents. The S&P 500 and NYSE Composite failed to make new highs. The divergences discussed in yesterday's column are still intact, as the A/D numbers were just narrowly positive. It will take a day of sharply positive or negative A/D ratio to signal the next sustainable move for the broader mar...