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Silver - Still battling it out between bull and bears, no decisive winner yet, though the QG3 did turn bearish on Friday.
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Crude (WTI) - Price is between converging trend-lines, further upside this week above 98ish would suggest crude is likely to continue up to test 104ish.
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AUD/USD - The multi-month triangle pattern that I have been looking for an end to, now has a very high probability of being complete with an impulse wave finishing up from 1.0115. If true, the proceeding break-out above the triangle could possibly target 1.2000 as even more liquidity pours into the broader economy. Paper then chases physical assets driving prices up. Gold, Dow and Crude correlate to the Aussie fairly well. If the Aussie is on the verge of a thrust up then PMs, Stocks, and Energy may all be rising on a flood of liquidity.
Australia is a very commodity rich nation as a chief exporter. They have also discovered deposits of frackable crude in south central Australia that is potentially as vast as the reserves in Saudi Arabia. A land rush in oil investment may soon sweep Australia, while crude prices remain relatively high.
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Corn - Made a very bearish move, limiting down on Friday because of a USDA report showing increased growing acreage and increased stocks of Corn, Wheat and Soybeans. An indication that demand is lagging an increase in production.
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Good Hunting this week,
QG
