An inter-market view of a few sectors and markets… vs. SPY. What is important here is not to look at these charts like a TA
The silver price and gold price are both up big today in response to the Fed’s QE announcement. Obviously the sector is doing well today.
Better yet, don’t avert your eyes. You need to see this. The pictured Amigos seem of a different, more innocent time. See their wackiness. See
It doesn’t include this morning’s little bump, which sees it trying to take back the daily SMA 200. But regardless, the gold price is in
Below is a monthly chart of HUI telling some stories of the past. The 2003 to 2008 bull rally ended with Huey’s “crown of thorns”
Side note disclaimer: I covered shorts in gold this morning. I think it could go lower nominally, but I don’t care. Anyway, on with the
This is not just another ‘Amigos’ update, as you will see near the end of the post. As usual, we’ll go with daily charts on
Editorial comments follow the charts. Amid the massive rush to risk ‘off’, just look at the similarities between long-term Treasury bonds… …and the Gold/Commodities ratio.
Here are the daily and weekly futures charts of the Amigos, which were live as I saved them a few minutes ago. Click for larger,
NFTRH 591’s Opening Notes segment detailed an intact but at risk stock market and a bullish gold miner view, concluding with this… “The nearer-term pictures
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
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