MSCI World ex US

18 year chart. Recent H&S hard to overlook. (Does the 18-year view also form a giant H&S?)

Gold 3 years

Gold breaks a multi-year trendline. Could be on the verge of an epic breakdown. Symmetrical triangle forms, appears to be resolving to the downside. Gold trading like a risk asset and an inflation hedge are the same thing. In order for gold to do well, there would have to be a massive financial bail out that was successful, causing inflation, which would also boost stocks. Otherwise gold will deflate along with everything else.

Gold 10 years

US Dollar

USD is king in a true deflation mode. Short term up trend suggests reaching the top of the range, could see bounce back here.

Euro

USD parity approaches?

Light Crude

Could be good for the economy to have lower oil prices, but oil is a risk-on asset, responding to inflationary efforts, so this should move in tandem with equity markets, not in opposition.

Copper

Similar comment to oil. Not a strong looking chart.