METALS ARE BACK ! There is no doubt about it.
Metals have been the best commodity performers since the beginning of the year and many multi-year bearish configurations have now turned positive.
Gold is a prime example and its ability to break and stay above 1300 in August has completely changed the outlook of its secular bear market. It is yet too early to call it the end until GOLD has clearly broken 1375 and 1400, leading to 1600 and 1800 targets, but it is worth keeping gold long positions at the moment.