Gold has had an impressive run this year. It’s up 25.35% over the trailing twelve months, while the S&P 500 is only up 2.59% over the same period. However, several traders and analysts have pointed out that Gold is forming a head and shoulders top on the daily chart. Gold futures are currently down over […]
Chart of the Day – Monday, September 30th, 2019
Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). It’s a daily candlestick chart of Gold futures. Greg points out that Gold has formed a “textbook” head and shoulders pattern. This bearish chart pattern has developed over the past two months. Gold has been on quite the run this year. It’s currently […]
Chart of the Day – Monday, September 23rd, 2019
Today’s Chart of the Day was shared on Twitter by our very own Steve Strazza (@sstrazza). It’s a chart of the Silver/Gold ratio. This is a popular risk-on/risk-off gauge for Precious Metals. When the line is rising, it means Silver is outperforming Gold. Silver is perceived to be more volatile and aggressive than Gold. Therefore, […]
Gold, Apple, and Louise Yamada’s Journey
Recently, the famed Louise Yamada gave an interview on Palisade Radio. While she covered a few topics, the one that I found most interesting was how she stumbled upon technical analysis to begin with, kick-starting a career that would lead her to become one of the most well-known technicians of our time. Louise begins by […]
Chart of the Day – Tuesday, September 3rd, 2019
Today’s Chart of the Day was shared on in a blog post by Chris Kimble (@KimbleCharting). It’s a monthly candlestick chart of the Silver/Gold ratio going back to the early ’80s. When the ratio is rising, it means Silver is outperforming Gold and vice versa. Technicians use this ratio to gauge the level of risk […]
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