‘gold’ Archive

Gold Bugs index poised to rally 150% again???

  CLICK ON CHART TO ENLARGE Twice in the past 15 years the Gold Bugs/S&P 500 ratio was oversold (2001 & 2009), and the  Gold Bugs index ended up with rallies in excess of 150%.  The ratio remains deeply oversold at this time and the Gold bugs index could be on support and forming a [...]

Key Gold Stock breaking out? I digging this if…

  CLICK ON CHART TO ENLARGE A breakout from a bullish falling wedge after testing old resistance as support could be taking place in ABX today. The Power of the Pattern is “digging” this action is ABX can create more space above support! – -

Euro and Gold create “Bearish Engulfing patterns!”

  CLICK ON CHART TO ENLARGE The Euro and Gold look to be creating “Engulfing Bearish” patterns this week at falling channel resistance. Many use these assets to help them with portfolio construction and to judge macro conditions around the world.  – -