First I went to a gold website and saw the bullish gold articles, highlighted by one of the 2 (former) Gold Bears (both having been flipped bullish again by the subsequent rising gold price) touting gold’s parabolic upside just before 2 o’clock Charlie showed up to reverse gold and the precious metals. The article noted a massive “complex inverse head and shoulders” * in gold … Continue reading I made a mistake… now I can’t undo it
Some gold (GLD) ratios for you macro indicator dorks like me… Gold vs. SPY, despite yesterday’s dive bomb… Gold vs. Global (ex-US) Gold vs. Commodities Of interest to gold miners, Gold vs. Oil Gold vs. Industrial Metals And finally, last but never least Gold vs. Silver, looking rather sedate compared to the above. But it’s exerting enough pressure I guess to stop the miners for … Continue reading Gold vs…
I went out in the afternoon with gold screaming upward on COVID-19 hysteria. I see something like that and I mentally prepare for the “volatility violence” we talked about in last weekend’s edition of NFTRH (#591). Maybe some of you old hats like me remember the last bull market, from 2001 to 2008. Yes, of course you do. Massive “attacks” on gold were routine, and … Continue reading It Was a Dive Bombing, Not a Carpet Bombing
