‘gold’ Archive

King Dollar’s ripple effects and why trends could change here and now!

  CLICK ON CHART TO ENLARGE When is comes to cause and effect, the U.S. Dollar seems to be having a profound impact on commodities over the past three years. This 5-pack takes a look at the U.S. Dollar and a few key commodities. The upper left chart reflects that the US$ hit a low […]

Gold traders/investors…Keep a close eye on this action!

  CLICK ON CHART TO ENLARGE Gold remains inside of this well defined falling channel. Gold is near the top of the channel and the rally of late has taken it to the “underside” of a year long resistance line. IMHO, Gold traders & investors should keep a close eye on what Gold does here! […]

Gold Miners – 65% chance a rally takes place due to this!

  CLICK ON CHART TO ENLARGE Gold Miners ETF GDX looks to have created a bullish falling wedge pattern, which results in higher prices around 65% of the time.  Another potential positive for GDX is that this pattern is taking place at the bottom of this multi-year falling channel with momentum oversold. Bullish wicks have […]