Rising channels, oversold retracements, at channel bottoms equal profits.
Based on my analysis I see commodities markets offering investors above average returns heading into the next decade. During the expansion of our economy from 2008, prices in the commodity market have been fairly low and producing dismal returns. This is ranging from several factors such as energy prices falling, subsidized farming, the price of precious metals...
Compared with gold OCT 2018 futures contracts. As the SP500 0.38% has dived over the past two weeks, gold futures 0.18% have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish , gold -0.05% will continue to provide be a classic hedge...
A large bearish pinbar is currently forming off of a key resistance level. Keep in mind that there are a few hours left in the market so this pattern will not be confirmed until it has fully formed as a bearish pinbar and today's candle has officially closed. If the candle does close the day as a bearish pinbar then we could see price rotate lower over the next...
After the FED interest hike yesterday and the hint to expect further hikes over the next year the dollar has reacted by pushing up. Is this a pullback within the short correction or the end of the correction. Here we discuss what to look for over the next few days and how to trade it. This is not investment advice. Steve Nixon Trainer and Mentor
If US Dollar no longer a reserve currency by any reason in the near future. You should expect dxy to go down to 30-50 imo
Fundamentals The Dollar index has seen strong performance over the last year, however, last weeks performance could indicate a breakdown in dollar strength. Much will rest on this week's US Jobs report, with the hawkish Fed hike already priced into the dollar strength. Last week the EU posted relatively strong numbers including growing inflation, however...
Bitcoin price divided by gold plus silver. If you bought 1 Bitcoin, 1 oz. of gold and 1 oz. of silver in 2010, your Bitcoin would still be worth 5.5 times the combined value of your gold and silver despite the last correction.
Right now Gold is hitting the .618 Fibonacci resistance line, and at the same time the 50 day MA. If the precious metal can get a close above those two lines, be ready for an accelerated jump to $1240. On the hand, If It rejects, It should only fall to the bottom of the support channel. Good Luck! Notice: I do not provide financial advice.
Place entries at 1208. Price will have to break and close above 1208. Once this happens we will soon meet 1242. Worst case set Sl to 1203 for a ~7:1 Risk/Reward Ratio
At the moment of writing this update our full 250% net short positions in gold 0.35% , silver 0.21% and mining stocks are well justified from the risk and reward perspective. We are moving the stop-loss orders lower, which implies that we are viably securing more benefits, while all the while giving them a chance to grow them further.we are locking substantial...
additional one TP well above 30s Sl at around 13s
RobbyP, Private Client Trader Unum Capital, sent me a Bloomberg chart analysisng the Gold/silver ratio. I thought I would take a closer look. The current ratio is similar to that of 2016 and 2009. The move mid 2011 was on the back of massive short-term silver strength. If you believe the current ratio will hold, then you SHORT Gold and BUY silver around these levels.
If it will go up, precious metals could be like a starting rocket:)