The copper-gold ratio chart is breaking down to multi-year lows, a potential warning sign for stocks given the disparate economic growth sensitivities between the metals. Correlation data between copper-gold and the 10-year also implies risk is to the downside for yields. pic.twitter.com/btXLEB5Ydd — Adam Turnquist, CMT (@adam_turnquist) May 11, 2023 Today’s Chart of the Day […]
Chart of the Day – Tuesday, April 4th, 2023
Today’s Chart of the Day was shared in a client note by John Roque of 22V Research (@daChartLife). Gold is firmly above $2,000/oz. for the first time in more than a year, and it’s just 2.5% away from breaking out to all-time highs. It booked its fifth highest daily close on record today, after closing at an all-time high on a monthly, […]
Chart of the Day – Monday, March 20th, 2023
Gold closed back above the former 2011 highs. $GC_F $GLD 👀 pic.twitter.com/SgLUwxkXMi — Ian Culley (@IanCulley) March 20, 2023 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Gold poked its head above $2,000/oz. today, and closed at its highest level in nearly a year. Ian points out that it’s back above the 2011 […]
Chart of the Day – Wednesday, September 14th, 2022
$GLD Weekly. Can't catch a break. pic.twitter.com/o8Ev76i5J4 — Brian G (@alphacharts) September 14, 2022 Today’s Chart of the Day was shared by Brian G (@alphacharts). It’s a weekly line chart of the Gold ETF, $GLD, over the past six years. Gold has not lived up to its reputation as an inflation hedge at all. Inflation is […]
Chart of the Day – Monday, May 17th, 2021
$GC_F vs. $BTCUSD Has the time come? pic.twitter.com/UM4JYzs8lu — Ian McMillan, CMT (@the_chart_life) May 17, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a ratio chart of Gold Futures vs. Bitcoin over the past year. A few weeks ago, Ian pointed out that Ethereum was breaking out vs. Bitcoin, and that […]