As of now, the US$ still looks weak against all other currencies, but so oversold that a technical bonce is to be expected... not only a bounce due to some political talks.
Gold weakened yesterday but did not regain its strength of previous days. I would not buy gold of gold miners here.
The 10Y Treasuries display a positive divergence, indicating that investors expect a bounce from very oversold levels.
Defensive sectors are also displaying a positive Money Flow, which indicates a rotation back into these sectors.
But VNQ is really still negative
Conclusions:
We should expect a reversal into the safer (and cheap Treasuries/defensive sectors). Not sure at all that gold/gold miners will profit from that move. It all depends on a possible US$ oversold bounce.
