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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (39102)10/18/2012 9:34:19 AM
From: SGJ1 Recommendation  Read Replies (1) | Respond to of 218739
 
Just my opinion but I believe that metals are going to be much higher in early 2013. It may be choppy for them over the next 6-8 weeks though.



To: GROUND ZERO™ who wrote (39102)10/18/2012 11:09:18 AM
From: Keith Feral  Read Replies (1) | Respond to of 218739
 
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.