Einige Überlegungen und Vergleiche, COT Werte, sehenswerte Charts Gold vs Rohstoffindex CCI und vs SP 500.
"...Below is a chart of gold divided by the Continuous Commodity Index, symbol CCI. The ratio has declined 19% from its peak and is finding support at the 38% retracement. At the bottom, I show the %B indicator for 50 days and 100 days. It suggests that the ratio is oversold in the short term but still has some correction to go in terms of 100 days or the medium term. My view is that gold/CCI has completed the first leg down and the market will find a bottom during the second leg down. I don't see a lot more downside in terms of price, as there is significant support at 2.20....
"...Conclusion
From a contrary perspective, sentiment on gold has improved materially, as the metal was unable to hold $880. However, it is still not quite where it needs to be for us to call gold a strong buy. Hence we are looking for another decline through $850 to $820. Also, it is probably too late to do a “short gold long ___” trade. Relatively speaking, most of the “price” correction may be complete, but there is plenty of time to go. In addition to charting gold by itself, traders and investors should key on these ratio charts as they often lead gold higher."
http://www.321gold.com/editori…yrne/roy_byrne041709.html
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