gld – Notes From the Rabbit Hole

Gold’s Disgusting Action, In-Day (2 min. chart)

Were I conspiracy minded I’d be looking at this chart and wanting to punch someone (or some black box robot) in the face. Oh wait,

Because why not? The inverse of our old friend Amigo #1 (SPX/Gold ratio) is a primary macro indicator, after all. When last we looked at

The simplest of updates to remind that the HUI/Gold ratio has remained intact throughout the sector pullback and that remains the case today as gold

A brief daily chart update for the precious metals. Let’s be aware that today is FOMC Minutes day, so markets may get some whipsaw. GLD

Using the ETFs for a real time view… SLV is filling a gap near 15.50 and tagging the SMA 50. That’s the 1st potential support.

Understand that in-day moves can also be whipsaws, so take them for what they are; current views and not a daily or weekly close, which

This post means absolutely nothing other than to note that the May gaps have filled on GLD and SLV. This after the CoT’s degraded, with

Yesterday we updated the hit to the miners and that update still looks valid. It looks like the reaction is just that, a reaction. But

I wanted to give you the latest snapshot of the precious metals as we wind down into the new year. GDXJ is breaking above a

A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)… GLD

A snapshot of current technicals for key markets… GLD became very bearish with the breakdown from 124. A rise above 123 is needed to even

A snapshot of the current technical status of key ETFs… GLD filled gap, which now closes out the geopolitical hype and leaves gold on its

A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks. Just a snapshot in time, picking up where we

A snapshot of the current daily chart technical status of several ETFs… GLD is bullish but in the equivalent resistance zone as noted for gold

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