Lightening up on Gold

Closed out the gold trade today at $1,103 for a $33 move, caught out slightly by the rebound today after the strong move up in the US Dollar yesterday – which didn’t follow through, yet perhaps.
So a good trade but not that satisfying though interestingly Silver not following through on the move and other commodities [...]

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Gold new high

Reporting gold making a new high today, long from 1070 today.  More central banks from emerging economies increasing share of reserves held as gold.
Also, note, interesting action in DX today and although stock market is oversold short term gold often surges a day or two prior to a major sell off – against this I [...]

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Gold reset

 
A chart that shows that effectively, the appreciation in Gold price since the start of the decade has been reset via the creation of increased monetary base.

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Agri-Dollar Trades

This is a chart of a breakout of volume on the Rogers Ag ETN, from last week, this week even more upside has followed through.  Other Agricultural ETFs and ETNs, (ticker: DBA, DJP) also look to have rounded out a base and are looking up.  This all means potentially nice moves in agricultural commodities from [...]

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Turning points

A couple of charts of interest -  firstly copper which if it does continue lower from here, which technically it appears to be in the process of breaking down, then it could be advanced warning the ‘bubble echo’ effect post 2008 is nearing its end.

Second is Wheat which interestingly, appears to have near enough completed [...]

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Oil correction or pause?

It was expected that Crude oil would sell of sometime soon as it failed to make new highs last week.  A low risk trade was evident on the charts this weekend which I took advantage of, and this could flow through to further downside this week.  Looking back though – big down days such as [...]

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Short sale watch – Apple

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