Even as silver continues to lead gold, check out gold (GLD) vs. SPX (SPY). The pattern is an inverted H&S, which would be a bullish reversal if it continues to…
I've increased the ratio of gold stocks to non-gold stocks in the portfolios today. Added were AEM and BTG (to go with GBR.V, MAI.V, GBRR.V, OGN,V, SSRM, WDO.TO and GDX)…
Quick pics and brief comments. SPX recovers to near an all-time high after a sentiment micro-twitch, NDX ticks a new high and SOX recovers above the SMA 50, regardless of…
GDX/GLD ratio is not confirming gold's bounce And so, considering what at least has a chance to shake out as my preferred macro scenario - complete with gold herds, stock…
The bad news is that both GLD and SLV have filled the most recent down gaps. The good news is that they both also have gaps still open well higher.…
A look at a key indicator for the broader macro and for gold stocks The US stock market is getting clobbered today on Biden's capital gains and corporate tax plans…
A few pictures of upside gaps filling on various indexes, as we speculated might happen on the short-term. HUI is going for the gap just above 330. The keys to…
Is this a bullish Cup & Handle forming in gold (GLD)? If so, it's still just a baby handle and these things can go on further than you might expect…
It's all according to the favored view of an ongoing grind of a correction, thus far expressed more in time than in price (although gold has ground off 100 bucks…
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, I am conspiracy minded; the…
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 SPY/GLD we noted a less…
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 and silver continue to drop…
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 is still fine at or…
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. Better support is 14.40 (SMA 200) to 14.75 (trend line).