Users: Dimon: 20170101_GOLD.png

20170101_GOLD.png

Fundamentals still looks bearish for gold. This rally must be sold.

20170101_GOLD.png
See Full Size

Comments

ClawsClaws
Wow! Who thought of this correlation? 1/1/17
DimonDimon
bkx to spx is a measure of confidence to financial system 1/2/17
Holy Hand GrenadeHoly Hand Grenade
This chart is insanely good. 1/3/17
Holy Hand GrenadeHoly Hand Grenade
I might add that $BKS/$SPX looks quite toppish. 1/3/17
Holy Hand GrenadeHoly Hand Grenade
But you all knew that. 1/3/17
Holy Hand GrenadeHoly Hand Grenade
Can you think of a way to do this using European banks vs. STOXX/Gold?? 1/3/17
DimonDimon
I guess Europen banking system is in a problems, but it take 6 - 12 months to play out. So this gold rally is an opportunity to ligten positions in gold miners. Rise cash to use it for accumulation of gold miners when new lows comes. 1/3/17
...

Actions

Stacks

Posted

Dimon
  • By: Dimon
  • On: 12/31/16 9:44PM

Statistics

  • Viewed by 33 SocialTraders
  • Average rating based on 2 responses:

Rated By

  • Claws
  • Holy Hand Grenade