pullback in stocks in this area as Goldman just hit a prior peak but equity charts are all pointing towards a melt-up.
All the miners are nearing support, especially the leaders like RGLD and GOLD.
It makes no sense that bonds are bullish but they are for now. bottom line is it looks
like an ocean of money is coming. China? Europe? Just difficult to see that only one
sector is not joining this.
Watch DB. It is up 2% and in a solid downtrend. If it breaks that prior to Sept 4, then
Draghi does something.