Gold has been relatively strong lately, and today it closed at its highest level since May. It currently trades around $1,315 an ounce. It isn’t just gold that has been showing strength lately but rather, the entire metals space in general. Palladium, another precious metal has been making all-time highs as we highlighted a few […]
All Eyes on The Dow Transports
Charles Dow is known as the grandfather of technical analysis for his ideas that lead to the formation of Dow Theory. One of the main concepts within Dow Theory is confirmation. Confirmation happens when The Dow Transportation Average confirms the trend of the Dow Industrial Average. In other words, the companies that transport the goods […]
Chris Kimble on a Potential Breakout in Gold
Recent volatility in stocks and currencies have given safe-haven assets like precious metals a bid. Gold is up nearly 10% since stocks topped out in October 2018. Currently, both Gold and Silver are testing long-term resistance and could be about to break out of a multi-year downtrend that began when Gold peaked back in 2011. […]
Why Chris Kimble is Getting Bullish on Gold
Gold prices peaked back in 2011 around $1,900 an ounce and have disappointed investors ever since. Currently, the precious metal sits around $1,290 an ounce, or about 32% below its all-time high. The asset class has been a headache to be involved in for the past 8 years; however, chart watcher Chris Kimble of Kimble […]