Spot Chart | <b>Chart</b> Of The Day: Dow Jones To <b>Gold</b> Ratio Shows Sign Of Trend <b>...</b> | News2Gold |
- <b>Chart</b> Of The Day: Dow Jones To <b>Gold</b> Ratio Shows Sign Of Trend <b>...</b>
- <b>Gold Chart</b> – False Breakdowns And Breakouts Suggest Indecision <b>...</b>
- Alpha Global Investors: <b>Gold chart</b> updated
- <b>Gold</b>, Silver US Stocks and Energy <b>Chart</b> Analysis - The Market Oracle
- Gamco Global <b>Gold's Chart</b> Flashes Some Glitz (GGN) - InvestorPlace
- A Simple Look at the Lakers' Potential Depth <b>Chart</b> | Forum Blue And <b>...</b>
| <b>Chart</b> Of The Day: Dow Jones To <b>Gold</b> Ratio Shows Sign Of Trend <b>...</b> Posted: 11 Aug 2014 07:06 AM PDT By Nick Laird from Sharelynx.com, the most comprehensive precious metals charting service on the world. It is interesting to see gold rising while the global sharemarkets decline. We can measure these moves with the Dow/Gold Ratio. Looking at the short term we see a trend reversal with a breaking of the wedge formation. Looking at the larger picture it appears that we are at the same place as the trend reversal in 1975. Perhaps now we will see a new market where gold doesn't get sold off on market declines but rather Gresham's Law comes into effect as the world's investors seek gold's safe haven status. More of these insights based on unique gold and silver charts? Subscribe to Sharelynx.com.  |
| <b>Gold Chart</b> – False Breakdowns And Breakouts Suggest Indecision <b>...</b> Posted: 03 Aug 2014 01:19 PM PDT The following is an excerpt from Yamada's latest monthly update for premium subscribers, released today. We highly recommend subscribing to the monthly in-depth analysis of Louise Yamada on www.lyadvisors.com. Gold – False breakout?Gold Spot price (latest: $1293.33) experienced a false short-term breakout through the April 2014 peak at 1,327, and promptly fell back into the narrow trading range of the past 4 months (see Figure 22 left). In failing, Gold put in place a third lower rally peak since 2013 (see red arcs) suggesting there is not yet enough demand to get through those resistance levels. Each lower rally peak suggests someone coming in to sell the rally. Similarly, however, following the May false breakdown and June recovery, there has also not been enough supply to carry price lower than the 1,272 low of the four-month trading range. The false breakdowns and breakouts suggest indecision. Therefore, we would await a sustained penetration of either the resistance at 1,327 or the support at 1,280 to indicate the potential for a more tradable trend. All of this price behavior is still taking place within the wider, more important trading range in place since May 2013 between 1,200 and 1,400 (to 1,420). Breaching either of these levels would be a more important indication of the next sustainable direction than that of the narrower range discussed above, which might offer a trading opportunity, but not necessarily a sustainable trend. Looking at the longer-term profile of Gold (see Figure 22, right), one can note that Gold is trending toward, hovering near, the very important level of the 2005 long-term uptrend, representing the bull market for Gold (up 648% from 2005-2011). The intersect of this critical uptrend comes in now at the important support level of 1,200. A breach of this support / uptrend would bode ill for Gold and could suggest a further slip toward 1,150-1,000. The monthly momentum is still negative but close to a potential Buy signal, which might not come into play without price exceeding the 1,400 level. Gold is still neutral. There is a lot of excitement over the perceived "bottom" in the gold stocks, and some have indeed lifted from bases S but not all. If we use the Market Vectors Gold Miners ETF (see Figure 23, GDX) there is a case that can be made for a basing formation that would allow a rally to the downtrend. But technically, this is still a rather neutral trend, without yet a higher high in place. There is also the possibility, as for Gold, that the support could become vulnerable again. We prefer to await the proof of new demand and see the pattern complete, either as a base, or as additional distribution. SilverSilver Spot price (latest: $20.32) also failed in its rally to overcome the prior rally peak at 22 from February and now has short-term support at the MAs at 20.26 and 20. A penetration of either level could suggest the next direction. PlatinumPlatinum Spot price (latest: $1464.13) has been inching along in an uptrend for the year, concentrating in the upper half of the wider neutral trading range above 1,400. Price addressed resistance at 1,500-1,550, also the intersect with the 2011 downtrend (see circle). Penetrating these levels would suggest continuation of the advance. A breach of the 2014 uptrend, now being tested, and the MAs at 1,435, would suggest renewed weakness. PalladiumPalladium Spot price (latest: $864.85) only briefly consolidated the breakout through 800 before extending the advance through the 2011 high (see Figure 25), leaving only the 2001 high near 1,125 outstanding. The four-year breakout suggests there should be further gains ahead and the monthly momentum is on a Buy signal (see arrow) confirming that probability. Price could advance eventually to challenge the old high. Supports come in at 850 and 800, near the 2009 uptrend, for any potential pullback. Louise Yamada is one of the most respected technical analysts we are following is Louise Yamada. Her independent research company provides in-depth and thought-provoking analysis on all markets, including precious metals. An outstanding feature of the analysis is that readers are offered different perspectives on each market, which sometimes reveals trends that are rather invisible. For precious metals investors it helps to put the metals markets activity in a broad perspective of ongoing market trends. In other words, understanding broad market activity is helpful to interpret the state of the metals market. Subscribe to the monthly analysis of Louise Yamada for in-depth insights on ongoing market activity: www.lyadvisors.com. |
| Alpha Global Investors: <b>Gold chart</b> updated Posted: 08 Aug 2014 12:04 AM PDT  Gold, its now, or never $USD Dollar index pulls back this morning (was way overbought) Add up all the bad news events, ISIS, Gaza, Iraq, Libya, Russia/Ukraine, Argentina default, pull backs in key market indexes $SPX, $DAX, etc ... We now need to break out above 1350 ! Silver needs to break out above 20.80 |
| <b>Gold</b>, Silver US Stocks and Energy <b>Chart</b> Analysis - The Market Oracle Posted: 10 Aug 2014 11:14 PM PDT
Lets start with a daily chart for GDM that is showing a falling wedge at the moment that has broken out to the upside with a backtest to the top rail last Friday. The PSAR has been on a buy signal for 3 days now. The MACD and Histogram are still in negative territory while the slow stoch is rising giving us a mixed picture at the present time. Next I would like to show you the SPX and the decline it had last week which looks like it may have found a bottom of some kind on Friday. Note the red falling wedge that has 5 reversal points which makes it a reversal pattern to the upside. Also there is a possible Wolfe Wave that shows a price objective up to the green trendline which could overshoot a bit. At the top of the chart you can see the blue rectangle I posted just before it broke down that also had a H&S top so that part has played out accordingly. Now the question is what kind of rally will we see going forward. If the green WW doesn't hold resistance then the bottom of the blue rectangle, at the 1955 area, should be the first real area of resistance. The weekly chart for GDM shows the neckline has held support for the 5th week in a row now. It did drop down to 708 earlier in the week but recovered to close closer to the high for the week instead of the low. Five weeks of grinding action with no clear cut signal yet. Lets now look at a daily line chart for GDXJ that shows it's still in the confines of a falling wedge which has completed 6 reversal points so far with the possible 7th one in progress. And the chop continues. The weekly chart for GDXJ shows it to has tested its neckline for many weeks now which is still holding support. Above the neckline is bullish and below is bearish. We have a very fine line it the sand in which to place a sell/stop if one is long. Below is a daily chart of GOLD that shows the potential triangle forming. Note the potential 4th reversal point where the price action broke below the S&R line and then backtested it on Friday and closed toward the low of the day. On a positive note Gold is still trading above the 150 and 300 dma. It looks like the 1270 area is going to be critical support if gold moves down to the bottom rail. Below is a chart I posted several weeks ago in which I was looking for the neckline symmetry rail to hold support for the bottom of the possible right shoulder. So far the Neckline symmetry rail has held support unlike silver. Below is a long term daily chart for gold that shows the potential one year inverse H&S bottom. It looks like the 1365 area on the neckline is going to be critical resistance until it gold can break it to the upside. If gold can break that neckline it would suggest a rally up to the 1596 area. First things first, 1365 needs to be taken out before we can get too excited. Next lets look at silver as it seems to be a big fly in the ointment. As you know silver has been lagging pretty badly in the PM complex. Is it going to be late to the party or is it leading the way lower? The long term daily line chart shows the one year red triangle that had a false breakout to the downside and then it had one to the upside. As you can see it's now trading below the apex. When you look at this chart notice all the lower lows and lower highs that have been made since the top in April of 2011. Silver had a chance in July to take out the March high but so far has refused to do so. Next I would like to bring back a few long term charts for silver that I haven't shown in awhile that have some bearish implications if they play out. The first chart goes back to 2003 that shows some of the more important chart patterns during its bull market. Some of our longer term members have been looking at this potential H&S top for close to a year now. You can see the neckline symmetry rail called the high for the potential right shoulder last year. That big neckline has held support and has refused to give up yet. If it does break it would be very bearish for silver but until that time comes the price action is still trading above it. Below is a monthly chart for silver in which I have tweaked the red triangle that is making up the potential right shoulder. By tweaking it I mean I've adjusted the top and bottom rails to the symmetry false breakouts of the top and bottom rails. When I first drew in the right shoulder I was looking for more work to be done before the potential right shoulder could be considered finished. As you can see enough time has now passed for this possible right shoulder to be considered complete. Until the neckline is broken to the downside it is what it is. The last chart for silver is a very long term look that goes all the way back to 1977 that shows how silver reversed symmetry back up in 2000 to the top made in April of 2011. You can see how precariously close silver is getting to that 4 plus years neckline. Again, until that neckline is broken to the downside silver still remains positive but if it ever breaks below it there will be a huge H&S top in place that will be reversing the bull market that began in 2001. Something to keep a close eye on. There is another chart for the SPX that I would like to show you that had a nice H&S consolidation pattern that reached its price objective up at the 1995 area. I've extended the neckline to the right side of the chart that sometimes will come back into play as a backtest. The rally last Friday looked pretty strong so the neckline extension rail may not provide resistance. We'll just have to see what happens. Below is a long term chart for the QQQ's that also had a H&S consolidation pattern with the head being the low in 2009. It just recently hit its price objective at 94.80. On a positive note the 30 and 88 wma has done an excellent job of holding support since the buy in late 2009. The QQQ's could have a decent correction without breaking the 30 and 88 wma.
This long term monthly chart for oil shows its major uptrend channel that began in 1998 and topped out in late 2007 after its parabolic rise. You can see the crash that ensued once the move completed. The backtest to the underside of the bottom rail of the major uptrend channel created the head portion of the possible 5 year H&S top. Lets look at one last chart which will be Natural Gas. It too had a nice H&S top but much smaller that broke down six weeks ago. Its in a confirmed downtrend but there are no rules that says it can't backtest the neckline before it declines is earnest. I would prefer to play this one on the short side unless you're very quick on the draw. So there you have it, a mixed bag in the PM complex and the stock markets. Either one could be in the beginning stages of a decent move but we need to see more confirmation of a trend to really get excited. This looks like it could be an interesting week ahead so stay tuned for further developments. All the best Gary (for Rambus Chartology) FREE TRIAL - http://rambus1.com/?page_id=10 © 2014 Copyright Rambus- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors. Rambus Chartology Archive © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. |
| Gamco Global <b>Gold's Chart</b> Flashes Some Glitz (GGN) - InvestorPlace Posted: 07 Aug 2014 01:00 AM PDT 
  Popular Posts:Recent Posts:Gamco Global Gold's Chart Flashes Some Glitz (GGN) Gamco Global Gold, Natural Resources & Income Trust (GGN) — Formerly the Gabelli Global Gold, Natural Resources & Income Trust, GGN is a closed-end management investment company that invests in companies that primarily operate in the gold and natural resources industries — stocks like Randgold Resources (GOLD), Goldcorp (GG) and Royal Gold (RGLD). GGN provides a steady dividend return as well as a way to participate in the appreciation of major metals mining stocks. But its goal is to provide steady income, so it focuses on a strategy of writing covered call options on equities in its portfolio. Thus, in a major advance in precious metals, GGN normally will not participate fully in the appreciation of the stocks, but instead provides a much higher level of income, thus offsetting the risk of solely owning gold stocks. (The current dividend yield of GGN is 9.94%.) GGN has found support at its 50-day moving average now at $10.78, and a support line formed at the March/May tops at $10.61. GGN executed a golden cross in April (a bullish indicator) and successfully tested its 50-day moving average in June, then again in the last five days. MACD is slightly in the bear zone, but in the past this has signaled an undervalued situation. The stock has been under accumulation since June. GGN's intermediate price objective is $14 to $15, which it could attain in several months. Article printed from InvestorPlace Media, http://investorplace.com/2014/08/trade-of-the-day-gamco-global-gold-ggn/. ©2014 InvestorPlace Media, LLC |
| A Simple Look at the Lakers' Potential Depth <b>Chart</b> | Forum Blue And <b>...</b> Posted: 11 Aug 2014 11:24 PM PDT Within the next two months, the Lakers will begin training camp. While the team hopes to shock the league and critics alike by performing at a level that will see them compete for the playoffs, reality, as of today, is one of justified doubt. Most of that doubt, of course, centers on the roster construction of the team. After striking out in their chase for a major free agent this summer, the Lakers will field a team of mixed of hold-overs from last season's disaster squad and new blood who has more questions than answers about how good they can perform next year*. With that said, lets take a very early look the team's depth chart, with a quick look at who should be slotted where in terms of starter vs bench and at what position: Point Guards:
Unless Nash makes some miraculous recovery and is held on a strict minutes restriction as a starter, I see no scenario where Lin isn't the clear cut starter. The question is more likely to be whether the Lakers sign a 4th point guard as insurance against a Nash injury and/or to avoid having to rely on a 2nd round rookie Jordan Clarkson (who, for the time being is not yet even signed). We have talked about Lin some already, but to recap he offers a well rounded offensive game and a solid defensive background. On this team, he's clearly the best point guard and should be treated as such. Shooting Guards:
Kobe at the top is obvious so lets leave any discussion about him for another day (or at least to the bottom of this post). The real question is if you see Young as the backup shooting guard or the starting small forward. Clearly, for me, it's the former. While Young may fashion himself a starter, I still see him best suited as a reserve who offers scoring punch that can help prop up a second unit. I don't have much doubt that Young can play next to Kobe in certain lineups, but I'd much prefer a better defender on the wing to serve as a better compliment to #24 on that end of the floor. Small Forwards:
Some might want to reverse this and to me that would be fine. Neither Henry nor Johnson are particularly strong players and both possess holes in their respective games. I choose Henry over Johnson, however, because he's the more complete offensive player and when combined with what I see as only a marginal difference in defensive value, I'll take the southpaw. In reality, though, this is easily the Lakers' weakest position and I would not be surprised if Ryan Kelly ends up stealing some minutes at SF just because of the minute crunch that will exist at PF. The hope, though, is that Henry shows that some of the success he had last year was not a fluke and that he can continue to be an offensive player who can hit the three ball while getting to the paint to either finish or draw fouls to get to the FT line. That combination is the foundation for a useful offensive player and if he can learn to pass a bit better, he would be a nice complement in most lineups. Power Forwards:
First of all, I would not be surprised if Boozer starts. He's the veteran and his history of success will surely matter to Byron Scott and, to a certain extent, Kobe Bryant. I have Randle as the #1, though, because right now I think he offers more value and is actually the better pairing at PF with a lineup that features Kobe. For one, Randle's quasi-perimeter oriented game should give Kobe more space to operate in the post and at the elbows offensively. Secondly, Randle's ability to slash off the ball and make the catch to either finish or make the next pass will come in handy if/when Kobe draws extra defensive attention. Add in Randle's superior athleticism to Boozer and how that can translate to better court coverage defensively and I'll take the young pup over the old dog**. The other question, though, is how much will Ryan Kelly play in his more natural PF spot? With Boozer and Randle clearly in front of him, Kelly may struggle to see many (any?) minutes at PF. This will be a story worth watching as the season develops. Centers:
This seems pretty straight forward to me, but who knows how Scott will see it. Maybe he envisions Davis as more of a PF (which, if that is the case, the minute crunch becomes nearly untenable at PF). Maybe Sacre's hard work will elevate him to the #2 center. What is clear, however, is that Hill is a center in this league and he should be getting roughly 28-32 minutes a night at that spot while Davis/Sacre fight for the other 16-20. Hill's workload will vary by circumstance — is he getting tired? is he in foul trouble? — but for the most part he should see a heavy increase in minutes from last year and should see his per game averages jump up into the solid double-double range (I'm thinking something like 13 points and 10 rebounds) nightly. – Barring something unforeseen, this is about how I see things playing out — at least by the time the season ends. You can quibble with Young's slotting or with Henry vs. Johnson, but these are minor things. None of these guys are true difference makers (though, to be fair, Young can win you a game if he gets hot from the field) and getting too wrapped up in where any one of them ends up isn't a strong use of your time. At some point I'd imagine all will get their chance to show that they belong in the rotation, although my gut tells me Scott will not be nearly as shifty in his lineups as his predecessor was. When looking at this team, especially when it's laid out in this manner, it's easy to see why folks would be down on this roster. Right now they have serious questions on the perimeter and a log-jam at the big man spots. As it has been in season's past, this roster looks to be severely imbalanced and I wonder how Scott will manage to put together capable lineups that mesh well enough to compete while not shortchanging players out of minutes they'll probably deserve. We'll see how Scott approaches things, but in my humble opinion, the above is likely about the best he can do. *Kobe can fit into either the "holdover" or "newcomer with question marks" categories for this particular post. Though he'll be entering his 19th season with the team and is clearly an institution, he also only appeared in 6 games last year and has more questions than any other player on the roster due to his health and recovery from significant injury. In some ways, then, I find it hard to even group him with last year's team but he's definitely a guy who no one can be completely sure about. So, go ahead and classify him however you want. **It's yet to be seen how well Randle can defend at the NBA level and there are serious doubts he will be a guy who protects the rim as a back-line defender in the pros. Add in the fact that rookies — especially big men — face a tremendously steep learning curve defensively and there are more reasons to doubt. That said, Randle's mobility is worlds better than Boozer's and I am betting that mobility will translate to better ability to defend in space while also being able make the needed rotations to the three point and back to the paint that are required of big men. Plus, when it's all said and done, we know that Boozer can't defend well so I'd rather let Randle try and maybe fail than Boozer try and surely fail. |
Last week we seen the stock markets go down and the precious metals stock indexes go up for the most part, inverse correlation. Friday the stock markets had a big reversal day with the PM stocks being mostly flat to down. It will be interesting to see how long this inverse correlation holds together.
| You are subscribed to email updates from gold chart - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
1 Comment for "Spot Chart | Chart Of The Day: Dow Jones To Gold Ratio Shows Sign Of Trend ... | News2Gold"
In 2014, sales started red hot and have slowed somewhat, but are on target for equaling the record set last year.