{"id":7923,"date":"2010-02-16T08:50:28","date_gmt":"2010-02-16T13:50:28","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=7923"},"modified":"2016-09-20T17:48:56","modified_gmt":"2016-09-20T21:48:56","slug":"indicators-we-are-watching-bullish-signals-for-metals-gld-slv","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/02\/16\/indicators-we-are-watching-bullish-signals-for-metals-gld-slv\/","title":{"rendered":"Indicators We Are Watching – Bullish Signals for Metals? (GLD) (SLV)"},"content":{"rendered":"

Over the past few weeks, the U.S. Dollar has been strengthening. This is in direct response to the EuroZone’s problem with the PIIGS<\/em> and a flight to safety. In reaction, metals have been drifting lower as have been most commodities.<\/p>\n

Yet last week we finally saw the correlation break (dollar up, commodities down) EU responded with a helping hand to Greece that somewhat calmed investor’s jitters. If the U.S. dollar begins to drift lower, there is a good possibility that there will be a short-squeeze reversing the recent trend for gold (GLD) and other metals\/commodities.<\/p>\n

Last week we suggested<\/a> that a break over $106.50 may be an entry point for GLD and we did so across the board for for our client portfolios<\/a>. Silver (SLV) is looking like it may be oversold and might be worth considering as well.<\/p>\n

Check out The Disciplined Investor Podcast on iTunes<\/strong><\/em><\/p>\n

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Several oscillators and signals are indicating that equity markets may continue their downtrend. Others are coming up with neutral positioning signals.<\/p>\n

(Click on each chart to enlarge)<\/em>\n\t\t