After more than a decade of perpetual strength, gold suffered its worst losses since the early 1980s. Many investors have eschewed the metal in favor of stronger markets; however, this has helped to return this long-term bull market to health.
Over the crazy holiday season, soybeans fell sharply as the trend drastically and swiftly changed. This change in trend happened very quickly and with lower than normal volume over the abbreviated holiday trading season. I expect this trend to continue.
Gold is trading nicely lower since the start of September after breaking through the rising trendline of a corrective channel. We knew at the time that it was an important signal for a change in trend.