Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market. Did the baby bull...
Last week I showed you this potential H&S top forming on the USDU, which is a more evenly balanced index for the US dollar which actually trades as an ETF.
It’s been awhile since we last looked at the US dollar, which has been consolidating its big impulse move up. The reason I haven’t posted it much is because it’s stuck in a sideways trading range going back over a year now.
Last week I showed you a daily line chart for GLD, which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are...
I would like to update a few of the ratio charts we've been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says...
This is the Question on Everyone’s mind. Bullion At Gold Investments Ltd. As Price Of Gold Rises To Highest Level Since OctoberEarlier this week we looked at the expanding triangle as a possible reversal pattern as it was testing the top...
There is a lot of action going on this week in all the different areas of the markets. The PM complex has been rallying, the US dollar tanking today and the stock markets trying to make up their mind which way they want to go in the short...
Since we covered the many different markets in detail last week I would like to focus back in on the US dollar and the TLT looking for clues for the big picture direction. The huge daily swings, in say the INDU last week, makes it very...
Today I would like to take a look at the PM complex as there are some interesting charts building out. Please don’t confuse this report with what Sir Spock, Sir Norvast and others are doing at the Chartology Forum as they’re looking for...
The implications of this 60-year quarterly chart for the CRB index is staggering if it completes this impulse move down, which so far has been working out beautifully. Again on this massive time scale you can see an unbalanced Head&...