GOLD AND THE USD
/14 Comments/in Public /by Alex - Chart FreakCAN GOLD CONTINUE TO RISE, SINCE THE USD IS MOVING HIGHER TOO?
.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.
Read MoreAre You Shopping For Your Favorite Miners?
/in Public /by Alex - Chart FreakSometimes 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 […]
GOLD & ENERGY OPPORTUNITIES
/6 Comments/in Public /by Alex - Chart FreakOur recent weeks of trading have had a lot of choppy sideways action, and this gets frustrating to both the longs and the shorts. My premium reports discussed how that choppiness was ending in Oil, and we began looking at buy set ups forming in the energy markets. I wanted to share my thoughts on […]