Gold - Update

We finally saw a crossing of the lower grey line as mentioned in an earlier post. In the past spikes in volume often indicated a change in trend. Let's see...

GDX vs GLD - miners vs gold

compared to gold... miners seem to be really cheap right now and ready to outperform gold...

Gold Miners (GDX) - time for reversal?

You've probably seen loads of similar graphs in the last couple of weeks. I just wanted to confirm that the chances for a reversal are pretty good:
- sentiment is down,
- price is sitting on the 61 retracement and
- three falling bands which are all technically ready to be broken to the upside

Gold (GLD) - next move...

...will likely to be a crossing of the lower green line to about 1525 and probably a bit further.

USD - still bullish in the ...

...medium to long term. We might see a pull-back or even a bit more first. But in the longer term the upper purple line will breach. And the next crisis is coming for sure...

VIX - hope to see a new low

...at around 12...

DBA - bullish on agricultural softs

Sentiment for those softs is pretty down right now and charts are looking good for a reversal. I'm bullish on coffee, sugar, cocoa and wheat. whereas wheat spot might need to go a tiny bit lower. cocoa finally breached the orange line i mentioned a couple of months ago...I wouldn't invest in cotton right now.