Overnight action is clear

We still don't have a top in Gold, Oil and still no bottom in USD.

Gold is headed for triangle target near 1,080.

Oil is headed for resistance nead 76.30.

USD index is headed for the cluser of support in the 74.38 - 74.75 area.

Everybody knows gold is rising and everybody wants some. Bullishness is running high and targets at 2.000 or 3.000 USD an ounce has become ordinary. Even targets at 5.000 and 10.000 are mentioned quite frequently. Remember the dot.com boom and the predictions that became common. Dow in 36.000 even 100.000. You know what happende
In the opposite campe we currently have the USD. Nobody wants it and it's even obviouse that the Government wants the USD to fall, no country or central bank any longer wants to have USD in its reserves as it has become clear that it's going to tank. I even heard a talking head on CNBC mention that AUD ag. USD is heading for par.

The sentiment is just about right for everything to turnaround surprising almost everybody.

We hope for the best, but should plan for the worst!