Posts

Chart of the Day – Silver – (August 29th 2019)

Silver posted today an outside spinning top after a relentless 3 month rally higher.

Chart of the Day – Gold / Silver Ratio – (August 28th 2019)

The Gold silver ratio reversed lower last month from an almost all time record high (above 93).

Gold is breaking out

Gold breaks higher after 6 years of consolidation

Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?

Chart of the Day – GOLD XAUUSD- (June 19th 2019)

Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level.

Chart of the Day -XAUUSD- (Feb 14th 2019)

Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.

The dynamics of the USD, Gold and CNH

During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.

Chart of the Day -Precious Metals- (Dec. 19th 2018)

Both popular precious metals (gold and silver) posted key reversal days today.