Notice how Gold is moving inversely from HUI -priced in small cap miners ETF- since Jan 2013. My view is it pays at the time being to be in well financed, little debt small company stocks. Ratio currently at the lower boundary of possible megaphone pattern, right below of the non confirmed yet H&S's neckline. All eyes in yellow box, wick tail of June 16th...
When you look at ALTERNATIVES to the S&P500 for the last 10-years, these were two of them. Look at how well they have done. Haven't you heard enough trash-talking about China and Gold? Isn't it amazing that we forget how well these markets have performed RELATIVE TO the S&P500? The S&P500 is up 80% in 10 years (excluding dividends of roughly 2% on average). ...
The title by itself is indicative of any possible trade, but it's more of an opinion than a trade opportunity, as probabilities here on an R/R basis, are not the best, which should be our only criteria. As you can see in the attachments I was very positive and enter full long precious metal (jacked?) positions, on spot, futures,stocks and bullion more than two...
People tend to think rising rate is bad for gold and falling rate is good for gold. The chart shows there is no such cause and effect. Gold and rate can go same direction and opposite direction.
GLD/SPY ratio starts to break out. August 2008 had a similar breakout, and in the following 18 months, SPY lost about 50% and GLD gained about 50%. Is it happening again under our eyes? Who knows. But this is something we certainly should keep two eyes on!
I follow this closer than normal the last two months, as we are approaching one of good periods according to seasonal historical data, that usually price starts bottoming around June/July and rally late July to end of September. www.seasonal-charts.com This is the same chart posted a couple times before, but the rounded bottom I was hoping for starts to...
The moderate rally in gold prices and GLD should not be interpreted as a rally per se but GLD forming a small continuation pattern such as a flag or pennant. The stochastic is in the process or rallying up but lost likely will remain under the vale of 50 as this is more sideways consolidation than rallying. Once this consolidation is complete GLD will make...
GLD has begun on a sideways pattern that will ultimately setup its next leg down. The stochastic is beginning to show signs of wanting to curl up but with consolidation price will not rally sharply but instead burn energy moving sideways. I don't think price will exceed $121 during this period. Once the stochastic resets a selling opportunity should present...
Some buying has come in on the high volume pin bar, but we need new buyers to push prices higher soon or else it may break lower. I've clearly marked where all the stops are and if we can get above this weeks' high on big Volume then we may have to chance to test the the level where prices broke down at 125 or possible above if we get enough buyers on Bullish...
Likely that $113.20-50 zone and then 96.15-25 zone will be useful areas for bulls to lean against for a pivot. Based on dual fib confluences.
As I noted when I first posted this chart mid April, the 1275 level is a key support for gold. Today that support was busted. Unless bulls can rally gold back over 1275 and close a weekly candle over that figure gold will likely probe last years lows ~1200. My gut tells me that level will not hold (triple bottoms are not usually good lows) and 1050 then 950 comes...
While there appears to be some interesting 'value' plays within the gold & silver sector, the underlying commodity is anything but bullish at the moment. Today's rather violent breakdown seems to confirm that notion and is yet another nail in the gold bugs proverbial coffin. Price rallied off the December, 2013 lows rather nicely but that bounce is fast loosing...
Gold Seasonality suggest a Bullish move from July to October. The year 2008 was the only exception. Gold has been consolidating and is forming a continuation pattern, than suggest a break to the upside.
Looks bearish here as it could be forming major macro bear flag/pennant pattern and if it breaks 121-122 zone w/ volume then it could test 95-98 zone for the extension of the move & this could happen in the next few months.....it looks like the major line or zone of support is around the 90 level which would be around 900 or so actual Gold price.....this area is...
OK...we have tested the break out area and are trying to move higher. If you pull up a weekly chart you will see that we are coiling and like CL1! it could get whippy. These are tough markets to navigate...either use small size or BE PATIENT. We are long GC1! with small size.
Watch the video here: youtu.be Register for my gold investing webinar: dunn.ly I am starting to accumulate gold as an investment & a hedge against inflation. This is different from my short-term day trades, which I'll take both long and short. I'm more interested in buying physical gold - some to be stored inside the U.S., some overseas, and some in ETF's like GLD.
Energy (VDE), material (VAW), commodities (DJP), inflation protection (TIP), gold (GLD) and bond (TLT). I am not certain why (probably because of weaker dollar, as shown on the chart), given this, current dollar and rate on their monthly charts are indeed very weak so can these assets perform well during first half of next bear market? Only time can tell. Good Luck!
Some charts are broken, others are difficult to understand, some are messy and others are beautiful. This one is beautiful. Respects trend lines, fibs, divergences, or anything else that traders use I guess to place their bets. For me it's just polarity perfection. The way support becomes demand and vice versa. So far price is following the path of a bearish...