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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 672.07-1.7%4:00 PM EST

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To: GROUND ZERO™ who wrote (39102)10/18/2012 11:09:18 AM
From: Keith Feral  Read Replies (1) of 218768
 
Sequentially, gold looks like it's still accelerating gains on a yearly basis since it had such a weak close last year off the highs.

If GLD doesn't pick up soon, it's going to start showing YOY decline come November.

This is the first year in many that oil prices are showing YOY declines. This would be a significant shift in momentum for commodities, if they knock down King oil. There is a lot of backwardation in oil and gas prices for the next several years, so I'm staying away from energy except for a random trade here or there.

Going back to PM's, I think gold will follow the direction of oil prices.
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