Today’s chart of the day was shared in a blog post from Chris Kimble (@KimbleCharting). It’s a weekly candlestick chart of Gold Miners ETF, $GDX. Chris notes that $GDX is testing an important resistance level, around $25.60-25.75. This level coincides with the 61.8% Fibonacci retracement of the 2016-2018 decline. As you can see, $GDX visited this level three […]
An Unusual Environment
Yesterday, Chris Verrone of Strategas appeared on Real Vision to give us his take on the current environment in markets. He believes that the Fed is the root cause for the rallies we have seen in equities, bonds, and even Gold. So, why are all three of these asset classes trading in sync? Chris notes […]
The Three Major Developments Today
What a day! The S&P 500 hit a record high, Gold prices hit their highest level in over five years, and the US 10-year Treasury Yield fell below 2%. Three major developments in the financial markets, across three major asset classes (Stocks, Commodities, and Interest Rates). Let’s take a look at what some of the […]
“Gold”-ilocks and the Three…Bulls?
The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
What’s Next for Gold and Silver?
Precious Metals are a fascinating asset class…I have yet to encounter investors who are more emotionally attached to their asset as Gold Bugs besides Bitcoin Bulls. And it is this attachment and emotions that keep us coming back and the market open each week. From October to February Gold rallied 14% working its way towards the […]
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