This gallery contains 26 photos.
One of the headlines this week was, the biggest rise in inflation since 1982. To put that into context we’ll need to look at some long term charts and what the Chartology looks like back then and today. Right now … Continue reading
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Lets start with the daily combo bar chart for the PM complex which shows the double H&S bottom failing today. With today’s failure it means I have to go back to the drawing board and see why this pattern has … Continue reading
This gallery contains 48 photos.
Last week marked one of the most important weeks in the PM complex in a very long time. After 15 months of consolidating the last impulse move up, that began at the August 2020 high, we are now seeing a … Continue reading
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This is what I wrote exactly one year ago today. I’m headed out to do my civic duty and vote. I have no idea how long it will take so I’m going to post this chart now. For those that … Continue reading
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Tonight I would like to update some long term charts for Gold to give you a feel for where Gold is at in its secular bull market that began at the 2000 double bottom low. I’ve said a million times … Continue reading
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Lets start with the BPGDM, Gold miners bullish percent chart which has just made a lower low along with the GDX on top. If you recall I was looking for some kind of divergence between the 2 which hasn’t happened … Continue reading
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I’ve been suggesting for some time now that the PM complex is trading at a critical inflection point where they can have a big move in either direction. It may sound like a copout but that is what an inflection … Continue reading
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There is a potential new pattern forming in the PM complex which I first notice on the short term daily chart for GLD. Below is the daily chart GLD we looked at late last week which was showing the multiple … Continue reading
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When one just focuses on an index it can be misleading at times. Depending on what index one is looking at there are a number of individual stocks that make up that index. In a strong impulse move most of … Continue reading