As a full-time trader, my friends and family assume that I am a financial planner.
I am not, for the hundredth time.
But I can analyze charts of financial stuff, so I decided to see if I could prepare a robotic answer for people going forward without the guilt of ignorantly misleading them.
Thus, I broke down the main asset classes that normal people would...
Gold and Silver in orange, stock market in blue.
When looking at the performance of precious metals compared to the S&P500, we come to a surprising conclusion. Gold and Silver are worse at protecting your wealth than the stock market. In my search for an asset that can protect you from inflation and general economic turmoil this is the unfortunate conclusion...
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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Gold and Silver has had a pretty strong run so far this year.
As both precious metals are stores of value and have an ever dwindling supply (until we can mine asteroids for minerals), we can hope for the value to contiinue going up.
Based on this pretty wide Fundamental analysis:
good index with long history. bullish percent gold miners index still in nosebleed area also. Always nice to take note of the size of monthly candles. Can you handle a 30% correction mentally? Will you have funds to buy when they are cheaper? CHK chesapeake up to old level from before, maybe double top for now, up 17% thanx to uncle eric with 20 mill more...
the weekly graph of this market shows that it will experience an upward trend in the coming weeks but at the same time the vigilance of the change in the opposite direction
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The first couple years is when in 2009-2011 precious metal mining stocks far outperformed the gold and silver underlying physical. But if you did not time the market well and exit at the top with the bearish divergences, you got wiped out as the mining stocks tend to tank 90-98% during the subsequent bear market.
I believe we are starting the precious metals bull...
- Either #gold or the #spy or both are subject to a bearish attack soon, as there is a weakening #PHLX
- there is a clear divergence in MACD
- current levels shall be watched very close ; once the prices return back from here, a sharp decline is possible to expect.
The GOLD/Oil ration reached the top of the channel exactly at the middle line of Andrews. As it appear it has been pulled back to the Andrews and does not reached Fibbo resistance level. It may happen sharply or need some time for support on May.
They literally crushed miners today. I'm not sure I've ever see a day in the mining space like I did today. This chart puts things in perspective. Gold off almost $200 from its highs. XAU has given back 60% of its move from the 2016 bottom. They were throwing them away today as the market had another screaming bear market rally. The next bull market is...
Technical breakout and retest.
My expectation for 2020 is a volatile market for both the US indices and for the gold miners. I think gold miners will actually outperform US stocks to the downside here and then will explode higher once we reach full ZIRP and QE5++. The SPX and other US indices could take a major blow in terms of gold which will drag down gold...