Multiple Years of USD Work Suggests Another Secular Peak in Place

Multiple Years of USD Work Suggests Another Secular Peak in Place

Back in March-2015 we highlighted the chart below when the USD was approaching ~100 and noted that at this price level the currency was nearing major long-term resistance line (1) and that it had spent very little time above that resistance…...

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Gold, Finally Ready to Shine?

Gold, Finally Ready to Shine?

If the answer to the title of this piece is “no”, I swear to god it’s the last time I ever write about this god-forsaken metal. Anyhow, in the chart below I plot CHFUSD alongside gold through history.  Note how…...

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CHFUSD Break-out Nearing (Gold Pull-Through?)

CHFUSD Break-out Nearing (Gold Pull-Through?)

CHFUSD (solid) and gold (dash) are plotted on a monthly basis over time below. Few assets correlate more strongly, more consistently or for longer periods of time than these two have for decades. Post 2011 peak for CHFUSD the cross…...

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Silver Shorts?

Silver Shorts?

As of last week silver managed its ninth consecutive weekly gain. The last time it closed with a weekly loss was during the week of Xmas, or 12/23/16. Over the course of its 9 week streak it rallied ~17%, closing…

Multi-Month Gold Consolidation Likely Concluding

Multi-Month Gold Consolidation Likely Concluding

We last updated our thoughts on gold in this post last month. Using analogs in that post we suggested there were ~20 trading days or ~one month until it would reach a nadir, thus concluding a multi-month consolidation that began in…...

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Ratio of Copper vs. Gold at 30-Yr Support, Last Reached Pre-Crash Apr-87, During GFC Jan-09

Ratio of Copper vs. Gold at 30-Yr Support, Last Reached Pre-Crash Apr-87, During GFC Jan-09

In the chart below the ratio of copper vs. gold is about to hit 30-year support. This ratio has been touched only two other times over that 30-year history – once in Apr-87 prior to the Aug-87 equity market peak…

JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

In the chart below I plot JPYUSD over time. It’s pressing 1.00 as we speak. Over the past 30 years it’s spent very little time above 1.00 (green), but plenty below (red).  Moreover, 1.00 has acted as a very important…

Gold Update

Gold Update

In my last piece on gold I suggested we could eclipse ~$1,400 by 8/12. That thesis was predicated on some work initially presented in February where, during the second week of that month, we noted gold had managed to rally in…...

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Gold Now in a Sustained, Structural Bull Market; On Average, History Suggests ~175% Incremental Upside

Gold Now in a Sustained, Structural Bull Market; On Average, History Suggests ~175% Incremental Upside

The last time we discussed gold on the site was a few weeks back in this post; therein we suggested a break-down in USDZAR was at hand and that should history hold, it would help propel and/or coincide with additional…

Tactically, USDZAR Break-Down Favorable for Gold; Strategically, Still Believe 2011 Was Not "The" High for the PM's Secular Bull Run

Tactically, USDZAR Break-Down Favorable for Gold; Strategically, Still Believe 2011 Was Not “The” High for the PM’s Secular Bull Run

After more than a 2x move off its 2011 lows, the USD put in what appeared to be be a fairly pronounced, multi-year (if not secular) peak in Jan-16 against ZAR. Since then, USDZAR has trended lower, consolidating around that…...

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