Stocks and Gold update
During the 2007 and to some extent the 2000 topping process, stocks did not top at the initial break-out of the VIX (Chart 1). Will this time be different?
A number of options are still on the table. Chart 2 and Chart 3 (below) present my preferred bear(P3) and bull(P2) counts. Chart 4 (right) shows the corresponding squiggle count since the April high.
***Near Term Gold count update
The preferred count is for (c) of  to conclude overnight or tomorrow, to be followed by wave  up.