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.
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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.
Precious Metals are threatening with major technical breakouts
Precious metals – and commodities in general – have experienced a strong boost in the past couple of weeks. Oil seems to have been leading the charge since mid-2017 but what do we make of this move?
2018 – The Year Ahead
2018 is nearly upon us and the past year was certainly full of interesting events. Potentially dangerous political events in the EU – such as the French & German elections and the Catalan independence referendum – were safely navigated.
Are precious metals breaking down, or are we setting up for a big rally?
Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly used as money.