Not to get all Dennis-Gartman-y on you, but I find these ratio charts of equities divided by gold to be intriguing. Here we see the Dow Jones Industrial Average divided by gold futures. It looks to be about 80% done with what might ultimately be a really magnificent, rounded top.
(more…)Slope of Hope Blog Posts
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Going……Going……..Gold!
The one and only asset whose ascent I cheer continues to break to lifetime highs. Hurray, killer of central banking! Do that thing you do!
(more…)Key of G-Miner
Given my renewed enthusiasm for gold, I thought I’d go through my 48 charts of gold miners and pick out some favorites. They are below, but I’ve got to tell you, they are NOT great. It’s puzzling to me that such a promising sector has such lame-looking charts, because honestly, there isn’t a single one of these that’s slam-dunk amazing. They’re pretty much “B-“, but if gold rockets, I suppose they’ll all get dragged along, and I might as well show the ones that appear to be the most promising.
(more…)PREMIUM: True Gold
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Gold Finally Shines
In an era in which the notion of a “safe haven” seems, evidently, to be digital coins, the classic precious metals have been largely left in the dust. It’s nice to see that perhaps this is changing. Gold is, once again, making a real effort to escape the clutches of its resistance line, and it seems to finally have a real chance of doing so. Here are the continuous futures of /GC:
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