More position changes

Added to my UNG (natural gas) position since it is forming the final end of a bullish wedge, 1000 total now.
Sold my ACI (Arch Coal) position for a modest 15% profit to make room for the UNG.
Sold my DGP (Double Long Gold) for a modest 5% profit.

I am taking a bath right now on my additional AUY (Yumana Gold). But I am holding strong.

Long (live) commodities

The dollar has broken. As I indicated before, that means commodities are off to the races.
Backup the trucks boys. Gold, Silver, Oil. All the good stuff. Why limit yourself to the physical commodities? The stocks are going bananas too.

I think the breakout on Gold is at hand

Volume in GLD is heavy, almost 14M with 3 hours to go, and it's trading up $4 with the dollar flat and the market down ~ 3%.

Maybe I'll jinx it again, but I think it's off to the races.

The Yellow Metal

Gold is behaving very nicely. It bounced off its 200 day MA and formed a nice, fairly large double bottom (shown in Yellow). With the expected market weakness coming up, I see Gold finally breaking through the $1000 barrier "for good" in the coming weeks.

However, the descending trendline is a barrier of resistance which needs to be broken for the breakout to commence. Gold at $940 would be a signal to jump in with both feet. I will be using the Double-long gold (DGP) ETF as I already have miner exposure.