A bit of an understatement but here’s wheat and silver with a little corn thrown in for good measure. DBA above and SLV below on daily bars illustrate the recent fall from grace of these otherwise safe havens. GLD and GDX (each down another 5% today) look pretty much the same although SLV has led the pack down, dropping 15% today on heavy volume and is currently riding the daily low. Eventually we’ll have a potentially lucrative buying opportunity in all 4 of these issues, and that threshold may be quickly approaching as oversold conditions reach extreme levels. Worth keeping an eye on imho.
