12:29 pm PST.

As expected, the miners and gold are selling off into the close. We saw significant negative divergence today as well as a completed five-wave count from the December low in a handful of the mining stocks such as ABX, PAAS, and AEM.

The dollar is catching a bid and could make its way to new highs. The Dow continues to trade in a really tight range possibly waiting for Trump’s inauguration.

Steel stocks had an amazing rally today, in particular X.

Thank you, Marty, for posting your blog update on gold and calling a top for this week. Folks should check Martin Armstrong out at: https://www.ask-socrates.com, and http://www.armstrongeconomics.com for updates on the market.