The industrial metals ETF has been dropping since the beginning of March, falling from a level of 21.5 to 17.5 -- a drop of nearly 18.6%. Also note that no price level seems to be providing any technical support and that the EMAs are using resistance rather than support. Momentum is weak and negative and the relative prices are weak as well.
The weekly gold chart is still holding at the 150/155 level.
The yen was in an upward sloping rally from mid-March to early June. However, prices have since broken the trend and are now moving sideways. Pay particular attention to the EMAs; they are tightly bunched and all inter-twined around the 200 day EMA. The underlying technicals tell as that a move lower is more likely -- the MACD has given a sell signal and is moving lower while the CMF shows money leaving the market.
The pound is still trading between the 152 and 162 level. However, note the MACD and CMF both indicate that a move lower over the longer term is more likely. The real key to this chart is the152 price level; should that break, prices have a long way to go.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.