No, not really, just me. The headlines are clearly getting worse where we are seeing economic growth slowing and it seems like we go through this every summer. Following technicals strictly though, commodities are starting to enter in major levels of support. I’m still seeing people advocating shorting at these levels which to me is a bit puzzling considering the technical picture these charts below are painting. We have seen some significant selling from May with not much of a pause to it. If you examine the charts below GOLD, SILVER, AND OIL are coming into some major levels of support and it would make sense to examine how they react here. If buyers step in, we could see a small counter-trend bounce worth jumping into. I’m still looking to reshort the metals&oil but now is not that time.
