Entries by Alex - Chart Freak

GOLD AND THE USD

October 24, 2016 /14 Comments/in /by

CAN GOLD CONTINUE TO RISE, SINCE THE USD IS MOVING HIGHER TOO?

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That question and other ones similar to it keep coming up lately and understandably so.  Gold usually drops when the USD rises, but lately we do see both rising at the same time. I called a low in Gold recently and have been trading in the Precious Metals sector, but some are having a hard time believing it when they see the USD rising too.  Allow me to share my thoughts on this. The following 4 charts are from the weekend report, where I tried to help my readers see the answer that question.

GOLD AND THE USD

 

CHART #1 -The USD has slowly been approaching the Highs of 2015. The chart does look quite bullish, but it does also show prior lows being taken out and lower highs so far.

 

usd10-21w

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Underlying Strength

October 21, 2016 /88 Comments/in /by

There was a time when I only released reports Tuesday , Wednesday, Thursday and the huge weekend report would cover Monday. I felt that the Thursday report would cover both Thursday and Friday and that the weekend report caught us up for the Monday trading. With the Bull markets of Precious Metals, Oil, and Commodities coming alive this year, I have released at least a small Friday report almost every Friday in 2016. Why stop now?  

 

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So this is just another short ( short?  13 charts  )  report to point out that Thursdays dip or slam down  in Gold , Silver, and Miners actually may hint at some underlying strength, and that may be enough to encourage anyone that is a little too light to buy these dips. Lets take a look...

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Step By Step

October 20, 2016 /107 Comments/in /by

Things have been falling into place step by step this week. In this report, I just want to point out a few things that I am watching when it comes to our positions in Miners after a brief review of the Dollar and Oil.

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USD - This looks bullish really, but it is very stretched according to cycle timing. It should roll over into a dcl soon. The Precious Metals are ignoring the USD when it rises now, possibly a sign that the Dollar is ready to dip down.

usd-10-19

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Oct 19th – It’s In The Bag

October 19, 2016 /221 Comments/in /by

I wanted to title this report "We got it!", that was by request actually, but you will see as we go through the charts that I cannot say that quite yet. Dont get me wrong, I believe that you will like the ingredients of this report, so let's get right to it...

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SPX - The SPX failed when it dropped below the Sept 12th lows, and has struggled under the 50sma and even the 10sma. It needs to prove itself, but it is struggling. The NASDAQ stocks  GOOG, NFLX, AAPL, and others do look bullish, so I am just watching how this plays out over time. I am much more focused on the Gains that can be made in Miners.

spx-10-18

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Are You Shopping For Your Favorite Miners?

October 18, 2016 in /by

Sometimes it is not enough to go shopping when things are on sale, we all like to get the rock bottom prices. In the Precious Metals sector we caught the lows in Mid January and at the end of May, when they experienced a serious sell off.  Looking for certain signs of a bottom, we […]

I Believe That They Are Ready

October 18, 2016 /214 Comments/in /by

When I am preparing food on the grill, I'm checking the temperature, watching for grill marks, looking for a change in color, and several other signs to know when the food is ready.  In a similar manner, we have been watching various aspects of the precious metals markets and also looking for a variety of signs indicating when they may be ready for consumption.     🙂

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How do things look?  Lets take a look...

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