Tuesday, June 25, 2013

Multiple Market Update - Gold and Silver Smart Money is Nearing Net Long

Multiple Market Update Video 6-24-13

The video update of the markets covers stocks, bonds, gold, silver, and cotton.  The stock indexes are currently in a volatile formation which could see further sharp selling for if today's lows are broken.  Bonds appear to be in a long term downtrend and have broken the strong negative correlation with stocks since the May 22nd high.  This may be indication that the long term uptrend in bonds is over.

I also give a technical indicator breakdown on what to look for on some different time frames in these markets.  I discuss the Commitment of Traders data on gold and silver, and I cover a few sentiment gauges for stocks.

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