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...
Continue reading »
February 20, 2018 admin
Chart of the Day, Gold
No Comment
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...
Continue reading »
February 7, 2018 admin
Chart of the Day
No Comment
Current gold price versus the 2001-2003 gold bull (scary similar): Gold/Silver Ratio and silver:
Continue reading »
February 5, 2018 admin
Chart of the Day
No Comment
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...
Continue reading »
January 19, 2018 admin
Chart of the Day
No Comment
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.
Continue reading »
January 17, 2018 admin
Chart of the Day
No Comment
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...
Continue reading »
January 17, 2018 admin
Chart of the Day
No Comment
I have been coding a lot these last few weeks and I have created a script that tracks rolling correlations for a given asset. I also created a “Psychology/Dislocation Index” in order to measure how dislocated an asset is from some of the typical asset...
Continue reading »
January 16, 2018 admin
Chart of the Day, Uncategorized
No Comment
GLD (Gold): It sure looks like a bull market I must say. We are at a very very very interesting spot right now since we are close to potentially breaking the multi year resistance line in purple. MACD is also close to a...
Continue reading »
January 14, 2018 admin
Chart of the Day, Gold, Gold & Silver Stocks, Silver
2 Comments
Major support and resistance breaks in this chart has signalled major trends in gold and the miners during the last couple of years. We seem to be on the cusp of another perhaps important break down. Last time the GVI/GLD ratio broke major support,...
Continue reading »
January 11, 2018 admin
Chart of the Day
No Comment
The following chart is very interesting to say the least. We should be near or at the green trend line that has been a resistance/pivot zone multiple times during the this “FIAT only” regime. Sure, gold is not as cheap as when it hit the...
Continue reading »
January 4, 2018 admin
Chart of the Day, Gold
No Comment
