Chart of The Day: Novo Resources
It’s getting tight… … Looks overall bullish to me.
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Category: Chart of the Day
GDX/SPY Ratio
I suppose the miners won’t see fireworks (big inflows) until the dotted line is broken:
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Four Big Charts For Gold
Look at these four long term charts and see if an interesting picture starts to materialize… Long Term UST 2s4s Spread: Long term Commodities versus US Equities (S&P 500) Ratio : Long Term Gold/SPY (S&P500) Ratio: Long Term...
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The GDX/SPY Ratio is Nearing an Important Trend Line
The GDX/SPY ratio is again butting head with a long resistance line that has held many times (so far). A rising ratio means that GDX ETF (Major miners) are outperforming the SPY ETF (S&P index). Are we nearing a big break that will signal the...
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Gold: Rolling Correlations
The US dollar still rules the day, which opens up for a correction in gold if we get that bounce in the dollar. Negative correlation to VIX is still somewhat high. Overall, most of the correlations that have at some points been pretty strong...
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Chart of The Day: GDX Correlations
Dollar has ruled the day for quite some time. GDX has had a stronger correlation with Exxon Mobil (substitute for oil expectations) and VWO (Emerging markets) than TIP (real yields) and GVI (bonds). VIX correlation turned to below -0.25 before the VIX spike… Maybe...
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Charts of The Day: Gold, Silver & The Gold-Silver Ratio
Current gold price versus the 2001-2003 gold bull (scary similar): Gold/Silver Ratio and silver:
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Charts of The Day: Oil, Copper, Gold & Silver
Just to get a sense of what the situation is for the commodity market overall in the medium to long term I put together a few charts that can be seen below. These all suggest to me that we indeed are in a raging commodity...
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Northern Empire Resources: My Stock Pick That Has Been on Fire
One of the few juniors that have been going up while the overall sector has been going down. About a 50% gain since I published my company report. They will be aggressively drilling in 2018.
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Why I am Still Bullish on Gold Miners (Medium Term)
A lot of the “twitter traders” I follow seem to have been bearish gold and the miners for quite some time (even expecting a crash), and more are joining the choir every passing day. Personally I am still 100% allocated based on my charts because the...
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