Humble Student of the Markets - get ready for the commodity rally. There, he said it:
Indeed, the chart of the CRB Index below shows that it is testing support and starting to move off an oversold reading. These conditions are classic setups for a commodity rally.
As well, the price of gold is also showing a similar pattern of a successful test of support and an upturn in the 14-week RSI.
Kinda seems like he's ringing a bell here. Let's see how his prediction goes.
After all, I just finished reading a blog post from a certain swarthy gentleman of our acquaintance, who pointed out that the Shanghai exchange's continued strength is putting the lie to the idea that Chinese resource demand should be going down.