CLICK ON CHART TO ENLARGE
Copper, Basic Materials and High Yield mutual funds have a quality track record for suggesting where the broad stock market and risk assets will head in the near future. Last year Copper, High yields funds and Basic materials broke rising support lines, before the broad market declined 20% from the May highs to the fall lows.
Currently these leading sectors are breaking support and their 50-EMA lines…Their message last March/April was to harvest risk assets/lower risk exposure- Do you “Trust Their Message This Time?”
Jenny…see blog today for an update Gold chart.
Gold & Silver are both at or near quality rising support lines. With the AUD$/USD$ ratio breaking to the upside today, odds go way up support will hold and the metals will be kind to long metals holders.
Hi Chris: What do you think of gold? Thanks.
Yes I DO trust them dear Chris; thanks for pointing this out.
By the way, the work you do is outstanding.