Repeating Pattern in the Ratio of Copper vs. Gold Suggesting Another Fall 2008 Scenario?
We’ve commented on the ratio of copper vs. gold a few times over the past few months including here and here. The ratio tends to be a good proxy for global economic activity and risk levels. Prior posts have centered around the…
Next Stop for Gold Either $3,000 or $1,100
Gold’s technical set-up is very interesting. The metal, given its technical posture, is likely in front of an imminently big move either higher or lower (that’s not much help, eh?). What follows hopefully clarifies how to know when the metal’s next…...
Time to Pay Attention to the Swiss Franc? Sniffing out More Global CB Intervention? About to Cause a Precious Metals Rally?
First chart is the Swiss Franc alone. Note that it’s approaching long-term support line (1) in the 0.98-0.99 area. Also note that this is 50% Fib retracement support. Also note that it is along line (1) where, for whatever reason,…...
Ratio of Copper vs. Gold Continues to Suggest a Major Move in Risk Assets on the Horizon
We posted this same analysis a few weeks ago and are updating it now given it has changed since then (break-out in ratio occurring). The only times the ratio of copper vs. gold has been lower than it has been…...
Being Analytically Honest, Presenting the Other, More Bullish Case for Gold & Miners
Had an earlier post this morning on why gold was technically broken. So long as prices remain below the 12 month MA will continue to believe that the onus is on the metal to prove itself to the upside. That…...
Price Action in Gold Suggests the Metal is Technically Broken, At Least For Now
The fundamental case for gold is quite clear as it pertains to ongoing global monetary/fiscal crises and the threat that central bank intervention/”money printing” leads to future runaway inflation. In fact, from a crisis-hedge standpoint, isn’t the world we live…...