The last time I wrote a title like the above was on June 19th; and wouldn’t you know that the correction ended the very next trading day? The consolidation breakout on Monday, June 22 created the gap you will see as a downside objective on the daily chart of HUI below. Gold Sector Correction is Maturing (6.19.20) That was a routine correction as gold and … Continue reading The Gold Stock Correction is Maturing
Gold correction vs. cyclical assets continues In the last post we viewed gold’s correction vs. commodities, materials and silver. Here, let’s take a look at gold vs. developed stock markets. It helps to look at markets as a process rather than a life or death battle of us (the good guys, ha ha ha) against them (a nefarious collection of “banksters”, manipulators, liberal conspirators forcing … Continue reading Gold vs. Stock Markets
A view of gold in ratio to markets that benefit on a relative basis from cyclical inflation, which as you know central banks and politicians have been working over time to create in 2020. This is all normal to the 2003-2008 blueprint, when gold stocks rose some 300% despite the degrading fundamentals implied by charts like these. The 2008 crash liquidation being well-earned. The wildcard … Continue reading Gold vs. Inflation/Reflation Markets
