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Sunday, June 12, 2011

Gold, Silver, Copper & Oil...turned to mush...

The Daily charts below of Gold, Silver, Copper & Oil show the lack of interest and direction lately...a reflection of the markets in general:


At least there's one thing that still seems to keep all of us interested:


Except some of us must have started diets in May of this year...pullback shown on the Weekly chart of $DJUSFD below...note the confluence of the rising 50sma (red), the declining 200sma (pink), the -1 Deviation of an uptrending regression channel, and the POC (horizontal red line) of the Dec/10 & Jan/11 monthly TPO Profiles: