Quick video of our first test for our BITS (Breakout Intelligent Trading Signals) for the TradingView Platform. We already have this indicator suite for ThinkorSwim, TradeStation and NinjaTrader and we are looking to launch for TradingViewe over the next week or so.
It uses our proprietary cloud based algorithm from our Smartlist giving breakout signals with...
Closing out my October gold position, along with November and December delta hedges here for a total of 2.40.
Scratch was 3.50 for the cycle, so a 1.10/$110 gross profit.
Rank/implied is at 58.9/14%, so may consider re-upping in December ... .
Hi friends! Welcome to this update analysis on Gold, via the GC futures chart. Let's get to it! In this analysis, we're going to step back and take a multi-decade view of the gold market, to try to understand what's currently happening, and where we may be going.
As you can see, this weekly chart begins in 1975. So, we're looking at 44 years of data. Clearly, we...
All the hu ha hu ha of the Gold Bugs calling that Gold is a sound money and nothing can manipulate the Gold price. Gold is subject to supply and demand.
The word manipulation has been abused by people so many times. They think that manipulation comes in the form that someone is trying to manipulate the price of an asset "SHORT TERM". Nope, short term manipulation...
Here is an excerpt from The Macro Strategist's Parallax Report: QE Lite, You Say?, originally posted on 10.2.19:
Here are the “negative yield” trade. Bitcoin and gold had been the go-to allocation as global negative yielding debt rises (and falls) with the monthly correlation exceeding .70.
BTCUSD began to deteriorate ahead of gold, and this is interesting...
Global Safe-Haven Index (SHIX):
Our risk indicator has been enhanced with the inclusion of four new factors, which takes the total inputs to eight.
They now include:
1. Gold Futures
2. TLT ETF (Bonds)
3. Japanese Currency Index
4. Swiss Currency Index
5. S&P Low Volatilty ETF
6. iShares Emerging Markets ETF (Inverse)
7. USDKRW (US Dollar / Korean Won) -...
In the situation of the US stock market breaking to All-time highs, this is a probable scenario for gold. I will be a buyer once the 1st inefficiency closes, due to the strong fundamentals for gold I think it will be difficult for it to reach the 2nd efficiency.
GC unlikely to be great for intraday trades probably at least until the middle of the week.
It's right in the middle of a triangle consolidation. Expecting it to tag the bottom side then swing back up. I would not be surprised if it tagged the top again 1st since it's in a choppy triangle.
Once it tags an edge of the triangle then I will be aggressive during...
Completed an ABC today for the 1 (of 5) wave and ended the day above heavy resistance (1492) Very bullish sign! Also nice hourly bull divergences have been building the last few days.
If we fall below 1492 and fail to regain it, that would be bearish!
Silver looks good as well although the chart is a bit messier than Gold.
Gold should reach 1580 area within a...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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GC1!
