It’s about to get aggressive for gold, in terms of immediate and exciting upside. There’s little to no resistance above. The word that keeps coming to mind, is: truculent. We remain confident buyers of Gold. $GLD $GDX pic.twitter.com/3tGRWpNp7M — Carter Braxton Worth (@CarterBWorth) June 24, 2020 Today’s Chart of the Day was shared on Twitter […]
Chart of the Day – Tuesday, June 16th, 2020
Today’s Chart of the Day was shared in a research note from Frank Cappelleri of Instinet (@FrankCappelleri). It’s a daily bar chart of Gold futures over the past eight months. In the note, Frank explains that Gold has been consolidating above its Feb/March highs of $1,700 per ounce for about two months now. He calls this […]
Chart of the Day – Monday, June 1st, 2020
Today’s Chart of the Day was shared on Twitter by Chris Kimble (@KimbleCharting). It’s a weekly bar chart of the Junior Gold Miner ETF, $GDXJ, going back to 2012. Over the past couple of months, we’ve witnessed clean breakouts from the Gold Miners ETF, $GDX, and the Silver Miners ETF, $SIL. Chris points out that the Junior Gold Miners […]
Chart of the Day – Thursday, April 23rd, 2020
Gold miner ETF making a 7yr high breaking out from a huge base formation. pic.twitter.com/Ru45AodLqo — RenMac: Renaissance Macro Research (@RenMacLLC) April 23, 2020 Today’s Chart of the Day was shared on Twitter by Renaissance Macro Research (@RenMacLLC). The chart shows the Gold Miners ETF, $GDX, along with a ratio chart of $GDX relative to […]
Chart of the Day – Monday, April 6th, 2020
Each time the gold/silver ratio moved more than 2 standard deviations away from its 200-week moving average since 1971, it resulted in a mean-reversion move. This ratio is currently at its most extended levels since the 2008 crisis. $gold $silver $GLD $SLV $GDX $GDXJ $SLV pic.twitter.com/3Ess7oHktz — Aazan Habib, CFA, CMT (@aazanhabibCMT) April 5, 2020 […]
