Gold
CFDs on Gold (US$ / OZ)
Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Technically we need to break through the support at 60 to go down to 25. Things are getting interesting in the pork belly market - if anybody gets the reference? :)
Here is a "ridiculous" gold/silver ratio chart .. We know markets love extremes, so it is perfectly "normal" for a swing in one direction (gold/silver = 120) to swing in the other direction (gold/silver=25) .. so even though it is ridiculous for a rational mind to expect gold +$2400 and silver +$110 by May, that is what the chart says .. I could try to...
ETH will catch up BTC, so most likely Silver will outperform Gold the next few years
Following on from my Gold & Silver analysis I'm finishing up with some analysis on the Gold/Silver ratio. Expecting another silver spike to correspond with the 5 wave in both Gold & Silver. Since the start of the metals rally back 2018 my motto has been buy Gold on pullbacks and buy Silver on momentum. Then close out both at the end of a significant move. Keep in...
The breakdown of the ratio is indicative of a bull run in PM. I would expect the ratio to hit 100 in the coming weeks/months and expect a breakdown of the ratio in the coming years as the bull run really gets going.
Following up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio. At the very...
As W-Coronavirus spreads globally, along with VIX, Au/Ag ratio rises. Its interesting that rising retest clearly showed after breaking the wedge even it is not direct XAUUSD or XAGUSD. The 1st Market-moving phase has already begun showing its lethality in W and spreading globally. in my opinion, the 2nd phase will begin if any confirmed death outside of W, who is...