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…...
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…...
Driver/Coincidental of Gold Approaching Long-Term Support
In our 2015 working thesis we laid out the case for additional commodity downside, notably in copper and crude. We also highlighted gold and suggested that it had the best looking / most bullish pattern and had the best chance…...
Working Thesis for 2015
It’s that time again. Time to put pen to paper and make our best attempt at crystal-balling the upcoming year. If we had to name 2015 or give it a theme we’d probably call it “The Year of Capitulation”. By…...
What Impact Might a Break-Down in this Currency Have on Precious Metals?
In the chart below we plot the Swiss Franc in the upper window and silver in the lower one. Note at the inset that the Franc appears to be breaking below support. If the break-down is real, the Franc could…...
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,…...