S&P 500
2076.78
-0.64 -0.03%
Dow Indu
17730.11
-27.80 -0.16%
Nasdaq
5013.68
+0.56 +0.01%
Crude Oil
55.50
-1.43 -2.58%
Gold
1168.78
0.00 0.00%
Euro
1.1115
0.0000 0.00%
US Dollar
96.037
-0.031 -0.04%
Weak

Gold Update: Last Bear Attack Is Pending

Aibek Burabayev - INO.com Contributor - Metals


Today I want to share with you fully renewed charts with Gold technicals.

Big Picture: Correction

FX:XAUUSD Gold/U.S. Dollar Monthly

Chart courtesy of Tradingview.com

The monthly chart shows a clear uptrend in the Gold market from $251.95 to $1920.80, which has now been retraced in a small correction. Small, because the Bears could hardly move through the first barrier of the 38.2% Fibonacci level that is below $1283. [Read more...]

Fed Disappoints, Gold And Euro Squeeze Higher

Todd Gordon of TradingAnalysis.com takes you through his thoughts and potential option trades for Gold and the Euro based on the Fed's decision and Greece's impending disaster.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Central Banks Keep Buying Gold When You Are Not

Aibek Burabayev - INO.com Contributor - Metals


Gold is a unique asset class, despite being uninteresting from a volatility investing perspective. I mean, it's currently sideways amid a soaring equity and dollar value, but it is still interesting for selected market participants for its safe haven status and diversification purposes.

We all have different time frames that we use, common investors use daily, weekly and monthly charts and the quarter to year perspective when they summarize the profits or losses. And so do the public companies when filing their earnings reports every quarter. And for these type of investors, Gold's dynamics in recent years have been frustrating as it is has been totally unmoved month by month, making investment unpromising.

SPDR vs. Gold
Data courtesy of www.spdrgoldshares.com

On the above monthly chart, tailored especially for INO.com readers, I want you to see for yourselves the direct relationship between Gold prices and the demand for ETF holdings. For 2 years as depicted on the chart, Gold lost 17% of its total value. Meanwhile the SPDR Gold Trust holdings lost 22% of its total value, almost matching dynamics. The holdings fell even more than the Gold price did telling us about worsening investors' sentiment for Gold. Remember the old words that "the Fear has a large shadow". The holdings were falling, gradually neglecting upswings in the Gold price, and only this January did the holdings pick up from 709 to 763 tons amid Gold's price growth from $1172 up to $1273. But this outstanding move proved to be short-lived, and both indicators fell back to the lows.

On the contrary, the central banks are buying Gold despite the sideways market. [Read more...]

What Are The Big Trends?

Today, the last trading day of May, I'm going to be looking at where the markets are in comparison to the last trading day of April.

Traders sometimes lose sight of the big picture and big market trends. That's where the monthly charts come in and are so useful.

If you just look at the action today you might think the general market was down for the month. The reality is that it's not down and is higher for the month. At the time of this writing, the S&P 500 index is up 1% for the month. The NASDAQ is doing even better and is up 2.4% for the month of May. The DOW is also positive with a gain of 1.3%. In fact, if you look at the charts, the S&P 500 is going to close at an all time monthly high - if nothing dramatically changes from now until the close. The same holds true for the NASDAQ which will be closing at its best levels ever on a monthly basis. [Read more...]

Surprise, Greece Has No Money

It just seems to this observer that the Greek kabuki dance is never ending. How can banks keep lending money to a country that is insolvent? That seems a little backward and just stupid to me. What do you think of the situation in Greece?

Here's the reality of the situation, Greece is going to default, the bankers may as well get ready to write off those loans as the money is not coming back. The next question is, whose next, Portugal, Spain or Italy? The next buzzword that is going to come out of all this is contagion. I think when Greece exits the eurozone it will be good for the euro longer-term. Think of it like when a company announces bad earnings and fires the CEO. The stock price has anticipated and discounted all the bad news and for the most part things get better over time for that company. The euro is the same way as pretty much all the bad news is out, except the actual exit of Greece from the euro.

Sooner or later it's going to come to crunch time and time is getting short. Angela Merkel and Germany are going to have to swallow their pride and make some important decisions very soon.

So onto the only economy that seems to be working and that is the US. Today I'm are going to be looking at the major indices to see if they are beginning to tire or getting ready for another upward push.

I'm also going to be looking at three stocks today. [Read more...]

Buy Gold For Euros, Sell Copper For Dollars

Aibek Burabayev - INO.com Contributor - Metals


Gold/EUR Is A Buy

XAUUSD/EURUSD
Chart courtesy of Tradingview.com

In my January post, I gave the recommendation to buy Gold versus the EUR at 1022 EUR, with a target for inverse Head and Shoulders pattern at 1208 EUR. As seen in the above monthly Gold/EUR chart, the target hasn't been reached so far, but the maximum advance of 138 EUR (14% between 1160 and 1022 EUR) was significant. Today I will update you on that idea with a new pattern that I found on the chart.

For 10 years, the Gold/EUR has been in a long-running uptrend (highlighted in green). The price had been elevating all the way up from 2005 charting clear zigzags and peaked only in 2012 at 1384 EUR level. Then we saw almost a 40% sharp fall from 1384 down to 856 EUR minimum. At the end of 2013, Gold touched the downside of the trend and one month later, at the start of 2014, the market rebounded from the support and found resistance at the magic 1000 EUR level where the price bounced off into a sideways consolidation between 900 and 1000 EUR. [Read more...]

Did You Miss These Two Signals?

At the beginning of the week, I stated that this week would be a game changing week. It's beginning to play out that way with tomorrow being the key day.

Yesterday, the Trade Triangles issued a major buy signal in gold (FOREX:XAUUSDO). Could this possibly be indicating that inflation is on its way? I have said all along that the only way the United States can get out of its multi-trillion dollar deficit hole is to inflate asset prices.

Today, the Trade Triangles issued a buy signal on the Dow (INDEX:DJI). Can the NASDAQ and S&P 500 follow behind?

In today's video, I will be looking at gold and where I think it's headed to the upside and the implications it could have on equity prices. [Read more...]

Gold Ratios: One Is Free, The Other Is Next!

Aibek Burabayev - INO.com Contributor - Metals


Gold/WTI Ratio: Free To Fly!

Gold/WTI
Chart courtesy of Tradingview.com

Today for the first time I will analyze this crazy ratio. Just look at the monthly chart above, compared to the dead market in the direct Gold/US dollar cross it is so wildly volatile. It jumps to either side easily like a bullet ricocheting.

This ratio is contained within a very wide range between 6 and 29 WTI barrels per troy ounce of Gold, highlighted in two blue parallel lines. For 12 years, Gold had been weakening compared to WTI Oil (highlighted by falling orange trendline). In between, only once in 1998, we can see a false break up of the downtrend which quickly lost its momentum and the ratio fell back below the line. Gold was falling despite the growing Gold/USD price. The metal almost doubled its price, but at the same time it appeared at the bottom of the ratio and what is more surprising is that when Gold tripled its USD price, it again touched the bottom at 6 barrels per troy ounce. Indeed, it was an Oil boom, not a Gold boom. [Read more...]

Five Mining Companies Joe Reagor Believes Are Ahead of the Curve

The Gold Report: What's your gold price forecast for the rest of 2015?

Joe Reagor: For the full year, our average price is $1,260 per ounce ($1,260/oz). If the U.S. dollar were to remain steady and not strengthen, gold could reach $1,300/oz by year-end.

TGR: Gold was sold off heavily in the last week of April based on an anticipated interest rate hike by the Federal Reserve. Should the Fed actually raise the rate, how much of a negative effect will that have on gold and for how long? [Read more...]

Article source: http://feedproxy.google.com/~r/theaureport/Ajgh/~3/CMMS8tgQG5E/16661

Gold And Silver Monthly: Monumental

Aibek Burabayev - INO.com Contributor - Metals


Comparison of Dollar Counterparts

4H Dollar Chart
Chart courtesy of Tradingview.com

In the above monthly comparison chart, I put in all of the main Dollar rivals and the Dollar index itself, which is shown inverse (100 was divided into DXY). As we can clearly see, all instruments fell dramatically last summer and didn't stop in the autumn of 2014. The black rectangle shows the area where Gold started decoupling with the rest of the Dollar counterparts. It was last September when Gold stopped falling. EURUSD is the most precise copy of the Dollar Index. Crude oil had slightly different behavior last month with less downside momentum. Therefore, all trade setups for more than half a year couldn't be accurate if they were based on pure Dollar dynamics. Gold stalled in the past waiting for a clear and powerful signal to break out of current the sideways action. The main question is, [Read more...]

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