Having a look at a few different charts for anybody who's interested and first up is a weekly on the GDX with an upside outside daily reversal indicating that under normal conditions the upside would continue. "Normal conditions" comes with the proverbial grain of salt. We shall see.
A weekly on Gold Futures has it simply in correction mode.
Ditto for Silver Futures with the "correction" being somewhat larger than gold.
NEM with a monster upside outside reversal.
A weekly on the US Dollar with it consolidating its gain and well above its averages.
A weekly on the aussie depicting a bounce off the low to its 50 week
A weekly on the Dow in correction mode and flirting with its 20 week.
A weekly on the S&P500 as it bounces off its 20 week.
A weekly on the NASDAQ indicating a bounce off the correction low.
A weekly on Junk Bonds indicating massive liquidity pumping by the Banksters to cover and camouflage the pig with serious lipstick.
A weekly on the Bankster index with it being very similar to Junk Bonds. Funny that.
A weekly on the 10 year yield as it creeps towards the danger zone.
How long before the Fed goes Japanese???
And speaking of the Yen and It ain't looking too good man. Good place for a cheap holiday.
