Precious metals update

While we've seen new lows for almost all major metals and their indices and ETFs (GLD, SLV, GDX, Spot silver,...) we still haven't seen it for the spot gold price (1179.20 on 24 June 2013). I'm expecting this to happen soon. I wouldn't go long yet...

Interesting spread bets...

There are many interesting spread bets out there these days. Let's have a look at a few examples:

Dow Jones Theory:

Large Caps vs Small Caps:

Utilities vs Cyclicals:

VIX...finally

...we saw the VIX breaching the target line. The next move should definitely go above 22. But looking at the SPX we might see another 2 to 3% to the upside.

VIX

We're getting closer to the light blue target line. You can start going long the VIX or short the market ... at least don't go long the market.

DBA

the agricultures have reached the first target and should be ready for a correction...

gold and silver

most of the people are talking about a new bull market. fundamentally i'd support this view. technically however, i don't like the bottoming formation...yet. In both cases i'd like to see a crossing of the lower black line and new lows first.

AAPL update

I still expect to see apple around 400 in the medium term. In the shorter term however a rise above the upper light blue line is likely.

VIX - update

We saw a nice predictable move above the upper purple line lately. I hope to see a drop below the lower light blue line before going long again. 

AAPL...

...will be interesting to see if Apple crosses the upper white line again. The lower pretty flat purple line should be a target soon...

VIX ...

...let's see where the breakout takes us from here.

Silver to outperform gold

In the medium term it seems to be more likely that silver outperforms gold than the other way round...

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.

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...