TheLazyBrother

TheLazyBrother

Platinum seems to be confirming the gold forecast. MACD cross + waining momentum.

TheLazyBrother

In the last 20 years the ratio was contained by 83 level, which it is retesting at this very moment. I find interesting how it was inversely correlated with stocks up to 2011, and then suddenly changed its nature completely, and started riding the SPX advance.

TheLazyBrother

It is decision time for GDX. If it breaks the red line, the bear will continue, so higher highs (and ASAP!) are required to support the weak bullish case. Note the MACD bearish crossover. Overall, it seems to support the bearish case for gold.

TheLazyBrother

Tentative 5 wave down impulse in XLB, no evidence that it is over whatsoever, deeply oversold though.

TheLazyBrother

... but the real question is: is it over or not. There is no notable momentum divergence, or any other indication pricewise. Sentiment is negative, but that is clearly not enough to declare the move complete.

TheLazyBrother

Stocks tumbling, world in turmoil, and all that the yellow metal was able to come up with is a timid ABC up right into 0.382 retracement.

TheLazyBrother

After a relatively clear impulse, EURUSD got choppy, but choppiness seems to take shape of a sideways correction towards 119.00-120.50 area.

TheLazyBrother

There are different opinions and chart all over the web these days, but here is the clearest of impulses in German midcaps. Are there tipping market's hand, and are we poised for another bloody decline after a correction?