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Thursday, 21 March 2013

GDX vs GLD - miners vs gold

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

Tuesday, 19 March 2013

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

Saturday, 16 March 2013

Gold (GLD) - next move...

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

Friday, 15 March 2013

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...

Tuesday, 5 March 2013

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.

Sunday, 3 March 2013

GLD - update

Gold sentiment is down right now - a good setup for rising prices. Taking a look a the daily chart I'd still like to see prices of around and slightly below 148 (light blue line). The longer term picture (weekly chart)  would even justify prices of around 136 (grey line). Generally I'm still bullish on gold...

CAD - bullish in short to medium term

In the short to medium term I expect a bounce in the CAD - we might see another spike to the downside though. USD/CAD and EUR/CAD charts look similar...

Saturday, 2 March 2013

AAPL - update

As already mentioned a few weeks ago I wanted to see a breach of this red line...finally!! Now AAPL is on top of a wide support zone going down to 350.