It’s about to get aggressive for gold, in terms of immediate and exciting upside. There’s little to no resistance above. The word that keeps coming to mind, is: truculent. We remain confident buyers of Gold. $GLD $GDX pic.twitter.com/3tGRWpNp7M — Carter Braxton Worth (@CarterBWorth) June 24, 2020 Today’s Chart of the Day was shared on Twitter […]
Chart of the Day – Tuesday, June 16th, 2020
Today’s Chart of the Day was shared in a research note from Frank Cappelleri of Instinet (@FrankCappelleri). It’s a daily bar chart of Gold futures over the past eight months. In the note, Frank explains that Gold has been consolidating above its Feb/March highs of $1,700 per ounce for about two months now. He calls this […]
Chart of the Day – Monday, June 1st, 2020
Today’s Chart of the Day was shared on Twitter by Chris Kimble (@KimbleCharting). It’s a weekly bar chart of the Junior Gold Miner ETF, $GDXJ, going back to 2012. Over the past couple of months, we’ve witnessed clean breakouts from the Gold Miners ETF, $GDX, and the Silver Miners ETF, $SIL. Chris points out that the Junior Gold Miners […]
Chart of the Day – Tuesday, May 12th, 2020
#Gold continues to coil and prep for a resolution. My bias here is that price will resolve higher in the direction of the underlying trend. $GLD $GDX $GDXJ pic.twitter.com/3nGiLQr7ry — Tarek I. Saab (@FibLines) May 12, 2020 Today’s Chart of the Day was shared on Twitter by Tarek Saab (@FibLines). It is a daily candlestick […]
Chart of the Day – Monday, April 6th, 2020
Each time the gold/silver ratio moved more than 2 standard deviations away from its 200-week moving average since 1971, it resulted in a mean-reversion move. This ratio is currently at its most extended levels since the 2008 crisis. $gold $silver $GLD $SLV $GDX $GDXJ $SLV pic.twitter.com/3Ess7oHktz — Aazan Habib, CFA, CMT (@aazanhabibCMT) April 5, 2020 […]