Bonds have seen a bit of a relief rally as we predicted yesterday. They hit the exact target we identified, 130'00, before settling near support at 129'26. We anticipate a quiet market as we go into the US hoiday for Thanksgiving. The Kovach OBV is still solidly bearish, suggesting that this rally may be just a relief rally. That being said, we do have an...
Gold has retreated from highs in the mid 1800's to support at 1836. This was a level we had been identifying for the past few reports. We are starting to see two green triangles forming confirming support. Gold had held the range between 1851 and 1876 for the past few days, and a breakout either way was imminent. The Kovach OBV has turned bearish, which was a...
The Title Chart is a representation of the impact of each 1% change in the (SP500) VIX on various currencies' (and Gold; Bitcoin) to tend to more (or less) toward Risk (instability) or Safe Haven (stability) characteristics . I.e. It depicts the relationship between market uncertainty and exchange rate movements of safe haven currencies (and currency...
( Because it will be need!! ) ... and the hands-down, no-contest winner is: The Japanese Yen - and it's denominated securities. Ohh, just off of the top of one's head; ... and just how many more clues does one require??... For real.
Gold has been holding our range between 1905 and 1977 for a while now. The large price fluctuations have tested the extremes of this range, but have not broken them. You could have made serious $$$ clipping these levels. Currently, gold has caught some steam and is currently testing 1964. Be wary of this!! The Kovach OBV is not registering much momentum at...
Gold has not been nearly as affected by the risk-on frenzy as bonds were. In fact, it has been maintaining a range from 1924 to 1964. These are both technical levels. There are some Fibonacci levels in between so watch for support or resistance at these. The fact that gold is maintaining a $40 range which is quite narrow for this product, suggests a breakout...
It looks like bonds will rally until the elections possibly here. I'm long bonds and gold for the time being. Let's play it safe until we regain clarity. Not sure about equities but the new ATH in #SPX might indeed happen at some point, just that news make it extremely risky to trade equities until the elections risks are out of the way. This is a safe trend to...
The general ratio: All safe havens currencies are suffering amid widespread risk-on mode on markets. Usd, among them, is weaker due to riots and China tensions. The TA ratio: We broke the symmetrical triangle to the downside yesterday and we entered the retracement area again (green rectangle), but I wanted to wait for either a retest or a further break of the...
Hi Guys, very simple. Remember this CUP in GOLD? It was March 27th. Click & Play to unfold. UJ and Gold are inversely correlated in their moves but they unfold similar patters in different timeframes. Would it be possible for UJ to unfold the same move made by GOLD? What should happen to take it to 124? Letters e) and g) fin the following snapshot Just...
I am bullish bias for this pair. My sentiment/fundamental analysis rationale to be bullish is the hawkish Fed's rate cut and the easing safe haven flow based on the US-China trade war and the potential "Oil War" provoked by Houthi's strike at Saudi two big oilfields. My technical rational to be bullish is what I read from the daily chart (I am not sharing how I...
Technical Analysis Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term. Fundamentals...
End of the bull run Global Equity Indexes: 1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing. - IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest)...