On the precious metals front, not much movement still but I am becoming increasingly confident we are lining up for a solid spike up. The trigger up may be dovish language by the Fed in regard to their path of raising rates. We are seeing gold and gold miners sentiment at extremely poor levels and the announcements of dividend cuts by Anglo American. I am planning on getting very long GLD/ GDX in the coming days for at least a month long hold. This has the chance of making a significant move.
Positive divergence on hourly
Courtesy http://www.sentimentrader.com/, a service I subscribe to and find very useful for identifying inflection points in extreme market conditions.