Ag and Gold Consolidating
Ag and Gold look to be consolidating. Listening to CNBC there is obviously a bull run in this group, but it was recently breached.
DBA:
GLD:
Looks like the names will be trading sideways for now, as there appears to be a negativity with an overbought condition. Hence on the very short-term things look to be going down for the group… although Gold does have room to move up before down.
(FYI… this is purely based on TA. I have not done any real fundi analysis on the Ag group regarding long-term trends, and the long-term trend on GLD I understand as per inflation protection.)
