most have noticed a drop in libor to rates not seen since 2009. most dont realize a lower libor discourages the holding of currency (similar to japanese 10 year yield effect).
it encourages the buying of assets. it helps improve bank balance sheets (they need the help). far overlooked this is a response to major FIC losses banks had this past quarter.
it is also a...
If this is true then we are already seeing the results logically the price of the dollar index will come down not automatically but gradually, and possibly another effect would be a readjustment of the price of gold as can be seen in the Chart there is a correlation and relationship between these two elements.
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for a debit of 1.20/contract.
At open, Theta 1.8 and Delta -1.65.
Chart 2 weeks per candle.
Bottom panel shows % move adjusted to approx. breakeven prices and the historic occurence % of those moves. Xs (top=up, bottom=down) plot for
each occurence and the red green lines show percentage for the selected number in the PriceMove indicator...
On 1/25/19 the Gold ETF (GLD) had an important break above Fib/chart resistance at 122.46.
The daily Stochastic had a bullish crossover.
High probability of a rally to the last important top of 129.51
Mark
GLD have been climbing and staying above the Ichimoku cloud since November of 2018.
We are looking for it to take a break back to the base line (Kijun-Sen) this month in January 2019.
GLD is completing a cup and handle pattern. In line with global instabilities such as government shutdown, trade war, earnings season, riots/revolutions...
A Golden-Cross is a bullish event. The SPDR GOLD TRUST (GLD) looks to be setting up for one in the next several days. I have marked up the last 2 times this has occurred with this instrument, with some data to keep in mind.
As I have noted on the daily chart, it is important to understand that a Golden-Cross requires some serious momentum to push the 50-day...
This chart is screaming for a breakout
The SPY is screaming for a retrace down
We are waiting for a confirmation breakout above the upper yellow resistance line at which point we will enter a long towards the targets set forth on the chart.
Best of luck traders
Good day folks,
I reviewed my mid-term view on gold, and I think that it is pretty obvious that the metal will shine this year. As per the title, I expect 5 to 10% upside for the year. We gonna see later if the stock reverse at 128 and close under the red line (resistance 1). In such case, GLD would be in a triangle. If it breaks out, the channel will be my...
