Today’s Chart of the Day was shared in a note by John Roque of 22V Research (@daChartLife). Gold is on track to book its highest weekly close in history. It hasn’t reached all-time highs on a daily basis yet, but it’s less than 2% from doing so. Many have given up on the yellow metal, as it’s […]
Chart of the Day – Friday, October 20, 2023
Featured chart.To date Gold is forming an engulfing sweeping reversal month. This is one of the most bullish charts I have seen in 48 years of trading$GC_F $GLD pic.twitter.com/IBGvNDBbkw — Peter Brandt (@PeterLBrandt) October 20, 2023 Today’s Chart of the Day was shared by Peter Brandt (@PeterLBrandt). Gold continued higher this week by +2.72% after rising […]
Chart of the Day – Monday, July 31, 2023
Gold is getting little media attention, even as it remains just 5% below all-time highs. Source: Bloomberg pic.twitter.com/qLMmSKqzko — Nick Reece (@nicholastreece) July 31, 2023 Today’s Chart of the Day was shared by Nick Reece (@nicholastreece). Gold has been perking up again, only this time, nobody seems to care. Nick points out that the number […]
Chart of the Day – Thursday, May 11, 2023
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, […]