In this weekend report I would like to show you some gold ratio charts that compare gold to commodities or indexes. Ratio charts are a good way to see how a stock or index is moving relative to another stock or index.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
We've speculated in TSI commentaries that unwavering devotion to bad economic theory (a type of stupidity) is the most likely reason for the Fed's introduction of a new inflation program at this time.
A leading precious metals consultancy, Thomson Reuters GFMS, has forecast that investors will buy record amounts of gold in the remainder of 2012. GFMS produces the benchmark supply and demand statistics for the gold market.
There was plenty of hoopla last week. The Federal Reserve's announcement Thursday of a third round of quantitative easing sent investors scrambling for gold and silver.
Silver has certainly enjoyed an impressive run of late, catapulting nearly a third higher since mid-summer.
The last several weeks have really changed the look of the HUI and the precious metals complex in general. In this report I would like to examine the HUI going back to the October 2008 bottom to the present.
Last week was a momentous one when the financial world passed the point of no return.
With yesterday's Fed decision and press conference, Chairman Ben Bernanke finally and decisively laid his cards on the table.
Stock and commodity prices across the board soared on the latest announcement from the Fed, which was viewed as wildly bullish by Wall Street.
Silver is mined year-round at a fairly constant rate across the globe. Thus it is somewhat counterintuitive that this metal would exhibit marked seasonal tendencies tied to the calendar. But it sure does.
The price of silver reached a 5-month high this past week as investor interest seems to have been rekindled in both gold and silver as belief in financial markets increases that the latest round of monetary easing from the Federal
Most investors were duped by the mainstream financial media into thinking that the broad US stockmarket made an important upside breakout last week, but according to our charts it did no such thing.
Last week was pivotal for equities as well as a reminder that the 3-½ year-old recovery is still alive.
In this weekend report I would like to focus in on some of the longer term weekly and monthly charts for gold but would like to start off with just one daily chart.
After weathering a long consolidation followed by a major correction, gold stocks remain deeply out of favor today. But this bearish sentiment is slowly yielding as gold powers higher in its usual autumn rally.
For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States.
Gold's latest rally - and the dollar's recent decline - has the investing world buzzing with speculation as to the meaning behind it.
Both the VIX (S&P500 Volatility Index) as well as the Bollinger Bands Indicators gave us buy signals on Friday, August 31st, which goes along with what I have been talking (speculating) about over the last few months.
The Fractal Gold chart work is a direct comparison of Gold, today, to the late 70's Gold Parabola.
[Before reading this update on Fractal Silver, you might wish to skim through my recent public article, "Fractal Gold Review and Update" since it discusses key timing issues that this article is based upon.]
Gold was a star performer during the month of August, outshining other assets in an impressive rally which took many investors by surprise.
It has been a year since the price of gold bullion topped out and even longer for silver.
I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handles.
-- Winston Churchill
-- Winston Churchill
As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard.
Last week we got what we had expected - and prepared for - for weeks, an upside resolution of the tight standoff in both gold and silver.
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78 percent of the yearly gold supply is made into jewelry.
