Sorry goldbugs ,it is not the gold chart .
There are a lot of opinions out there on the US Dollar . Many of them are bearish in the short medium and long term time frames.
So lets see what the Charts are whispering .
With all the volatility this week in markets around the world the US dollar made … Read Full Chartology Article
Last night in the Wednesday Report I posted this daily chart for the GDM explaining why the current low was so critical. The current low could be the third reversal point in a bigger consolidation pattern in which we would need one more counter trend rally to get the 4th reversal point. Hopefully we’ll be able to buy back our … Read Full Chartology Article
Tonight we’re going to look at the precious metals complex and get focused again as this is the area we need to concentrate our efforts right now IMHO. All the volatility in the stock markets has many taking their eyes off the ball of what may turn out to be the trade of a lifetime for some of you. I’m … Read Full Chartology Article
Below is the combo chart we’ve been following very closely which shows the HUI and GLD with their respective big consolidation patterns. As you can see they both gapped below the bottom rail of their two plus years consolidation patterns only to have a small selloff. It looked like the initial backtest was going to hold resistance but that wasn’t … Read Full Chartology Article
Before we look at some weekend charts I just want to second Sir Fullgoldcrown’s Friday night post at the forum. We created Rambus Chartology so we could have a community of like minded investors who want to learn as well as share what they have experienced in their own investment world. We are all equals when it comes to the … Read Full Chartology Article
Copper is an important commodity when it comes to the health of the world economies and how it does often reflects how strong or weak the economy is. Its been awhile since we took an indepth look at Dr. Copper to see how healthy it is so tonight we’ll look at a few charts starting with a daily look.
The … Read Full Chartology Article
Below is the combo chart we’ve been following very closely for a very long time which shows the big two year trading ranges for the HUI and GLD. Both of the big trading ranges started to build out with a big gap to the downside in April of 2013. They have taken on slightly different consolidation patterns but both two … Read Full Chartology Article
First off I’m on a working one week family vacation down on the panhandle of Florida which is why I didn’t get to post any late Friday Night Charts. It just so happened that this week was the best week to get the family together before school starts in a couple of weeks. I will still be watching the markets … Read Full Chartology Article
If one is looking for a continuation of the deflationary environment we have found ourselves in since the 2011 top in the commodities complex, copper would be a very important piece of the puzzle. The general theory is that if copper is doing good so should the economy and vise versa. So how does copper look these days?
It looks … Read Full Chartology Article
This week marked a few milestones I’ve been waiting patiently to arrive in the PM sector.. When you been watching a chart pattern start to develop over a very long time you’re kind of surprised when the day finally arrives that completes the pattern. For instance the weekly chart for gold which shows the parallel downtrend channel has two big … Read Full Chartology Article
There is a lot to go over tonight in regards to commodities and the precious metals complex. A while back I wrote a report on the commodities in general getting ready for the next possible leg down which will fuel the deflationary pressures that really took hold last about this time. That’s when the US dollar finally broke out of … Read Full Chartology Article
In tonight’s report I would like to show you some charts that could be telling us that the second shoe maybe getting close to dropping in the on going deflation scenario that really started to take hold last year at this time. If you recall the US dollar broke out of a massive base and with most commodities following lower. … Read Full Chartology Article
In this Weekend Report I’m going to show you some more of the same precious metals stocks we’ve been following as more are joining the impulse move to the downside adding confirmation. Unlike the US stocks markets that have been trading sideways since the December high of last year, the precious metals stocks are in a confirmed impulse move down … Read Full Chartology Article
Tonight I would like to update you on some of the US stock markets we looked at this morning. For the most part the support and resistance lines held pretty well today considering all the volatility. Starting with the INDU the S&R line held resistance today but the 200 dma is still holding support so we have a standoff taking … Read Full Chartology Article
This week has been very volatile in the US stock markets as you well know. The volatility started two weeks ago when the Dow dropped 350 points on a Monday I believe. That decline broke an important support and resistance line that had held support since March. This volatility has taken place just below that important support and resistance line … Read Full Chartology Article
Tonight I would like to update you on some precious metals charts we’ve been following very closely to shed some light on where we’re at and where we maybe heading. When investing in the markets we need to have a game plan to follow so that we know when the game changes we have to change. As long as the … Read Full Chartology Article
After creating a unbalanced double H&S top DBC gapped the neckline today with a huge breakout gap.
… Read Full Chartology Article
We are getting a test of the low from the big decline last Monday which is to be expected as many times it takes multiple tests before support really sticks. This is now the moment of truth as this low needs to hold support or a bigger decline can be expected. There is the 200 dma, the time cycle low … Read Full Chartology Article
The GDXJ is at an important inflection point right here and now. As you can see it’s sitting right on the neckline of a small H&S top that has formed at the fourth reversal point on the potential bearish falling wedge. A break of the neckline will almost assure a move down to the bottom blue rail of the falling … Read Full Chartology Article
Since the all important low that the precious metals complex made last November SLV has built out a H&S consolidation pattern. It’s not the prettiest one I’ve ever seen but all the pieces are there. SLV looks like it’s completing the second right shoulder by breaking down from a small H&S top today. As you can see there are two … Read Full Chartology Article
There are no words to describe the Carnage that Precious Metals Stocks have suffered for the last 12 years. There is no consoling those who have invested in this sector , many who have literally lost their life’s savings as they watch this horror unfold in utter disbelief .
The best way to gauge this complete evisceration of Precious Metals … Read Full Chartology Article
This Weekend Report will probably be one of the most important posts I’ve made in quite some time. It will require 3 parts to fully present this scenario .
I’m going to try and lay out a game plan on how this possible last impulse move down may play out in time and price. One thing I can guarantee you … Read Full Chartology Article
This long term daily line chart for the HUI shows it’s now, quietly and unassumingly, approaching that all important 2008 crash low again at the 150 area. This is a good illustration of what I mean when I talk about how a stock will often times build a consolidation pattern just above, just below or right on top of an … Read Full Chartology Article
In this Weekend Report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is headed lower the price of gold tends … Read Full Chartology Article
Below is a 2 hour chart for the HUI that we’ve been following since the all important low from last November. This chart shows you all the Chartology from that November low which I’ve been viewing as a H&S consolidation pattern. So basically the whole correction has been a H&S consolidation pattern within the bear market decline. This is not … Read Full Chartology Article
In this Weekend Report I would like to show you some old charts, that we’ve not looked for the most part, in a long time. Some of the long term members may remember some of these charts that go all the way back to when we first opened our doors at Rambus Chartology. When you build long term weekly or … Read Full Chartology Article
Tonight I would like to show you some really big consolidation patterns in regards to some big cap tech stocks mainly the networking and semiconductors. I have shown you some of these big bases in the past but now I’m going to create a brand new portfolio based just on these big patterns. It definitely won’t be as exciting as … Read Full Chartology Article
In this Weekend Report I would like to look at the longer term weekly and monthly charts for some of the precious metals stocks. Every time we get a small rally the gold bugs come out of the woodwork trying to explain why this time is different. At some point in time things will be different but I don’t believe … Read Full Chartology Article
Below is a combo chart that has gold on top and silver on the bottom. This chart goes back to the bull market top for both gold and silver and the bear market that ensued. Silver topped out in April of 2013 with gold topping out in September of the same year. Their first bear market consolidation patterns were rectangles … Read Full Chartology Article
The first chart I would like to show you tonight is the long term monthly chart for the US Dollar I showed you a week or two ago. It was coming into contact with the top rail of a massive 30 year falling wedge at 93.50. I also drew in a neckline extension rail taken from the H&S top that … Read Full Chartology Article