Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom

[edit] Post includes corrections to dates in paragraph 4 and the 2nd paragraph after the macrocosm graphic. This is what happens when you rush your work! This was going to be part of an NFTRH update, but I decided to make it public, as we’ll have plenty of other information to work on this weekend in NFTRH 474 after such an eventful market week. With … Continue reading Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom

WTI Crude Oil

WTIC has painted the greater commodity indexes with its bottoming pattern that we first identified last year. This month it is making a move to break above the 55 area resistance (the month is not closed yet). We originally noted that the pattern would measure to 75 if it resolves bullish. Here are the milestones to that resolution… Finish November above the green dashed line. … Continue reading WTI Crude Oil