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I had mentioned a while back that if the Gold Bear has ended that my expectations were that Gold would lead the rest of the CRB out of a long Bear. My charts show that the first attempt to break above long term down trend resistance lines here in early 2016 has failed thus far. DBA has not yet failed on its backtest.
I was thinking about the same thing, but you saved me some time 🙂
http://stockcharts.com/articles/tac/2016/03/tom-mcclellan-too-fast-of-a-sentiment-swing.html
DBA may be different, but my work still supports the view that from a technical standpoint, the PM rally began last July Aug, formed a B wave low in Dec, and is now in 4 of C of larger 4. Expecting one more bounce to conclude the entire rally.