There has been a discussion lately about some deflation coming into the big picture. In this Weekend Report I will show you what lot of the Chartology is suggesting. I have literally 100’s of charts on commodities that I’ve been building...
A big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big...
It’s hard to believe that the massive H&S consolidation pattern we’ve been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action...
I would like to update some ratio combo charts which may give us a sense of the bigger picture. It’s like putting the pieces of a puzzle together where the small pieces don’t look like much by themselves but when they’re all added together...
I was going through some old long term charts I haven’t posted in many years to see if there was anything of interest to post tonight. With long term charts things don’t change very fast and the big picture can stay viable for years.
On Tuesday of this week I posted this combo chart showing the possible small blue flag forming on the UUP (US Dollar). This morning the price action gapped above the top rail and is now approaching the top rail of the rising wedge...
In part two of the Quarterly Report I’m going to update some long term charts for some of the world stock markets. As you will see many have formed massive ten plus year consolidation patterns similar of what we observed in the first...
There is a ratio chart, $Gold:$XAU, we haven’t looked at in quite a while that has helped us in the past to locate some important turning points for the PM stocks. I’m not going to get into all the details tonight but this ratio chart...
With the UUP ( US Dollar ETF) having a fairly large decline today lets update a few charts to see how they’ve been progressing. Back in August of last year the UUP began to build out a rising wedge formation with today’s price action...
Below is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.