Golden5 at Work: Why I'm bullish on Gold

 Remember our key guiding principle : "The Golden 5"

Golden5: Context:

• DXY looks prone to correct, 
• Correlation to Treasuries seem to break
• GLD looks ready to move up,
• QE3 around the door
• FED Swaplines indirectly through the ECB bail out the european banks without a limit set

 Golden5: Breadth:

• Breadth of the Miners indicated exhaution

Golden5: MOMO/ Golden5: Volume:

• Momo is oversold
• MoneyFlow is oversold and has already flipped
• Daily Exhaution floor must hold and could offer a good springboard

 Golden5: Sentiment:

• Silver/Gold ratios are oversold and held their support levels
• OptionFlows show no conviction to either side meaning the bear has been exhausted and the bull is not yet on board
• The PO OSC (bottom right chart) has reached a level from which we observed bounces in the past
  (PO OSC: Cash Premiums over OFEP, pls see here for explanantion)

GLD

SLV