The price of Gold made a new all time high last week. A quick guess would put near 1200 as a level to watch if price returns to the 1×1 angle of the 1999-2008 range. A look at the retrace during 2008 shows price would move about 50% of the correction higher to near 1200.
Entries Tagged as 'Gold'
Picking Price “Targets”
September 20th, 2009 No Comments
Mike asks a question on my post on Gold last week about price “targets”. I don’t really do “targets”. Targets imply I know where the top or bottom are and that is not true.
Tags: Gold · How To Use Market Cycles
Gold Strong And At March 2008 High
September 18th, 2009 5 Comments
The price of gold is back to the 2008 high and appears ready to make a run at a new high. The breakout after a 90 day consolidation looks good.
Tags: Gold
Gold Indicates Inflation While Other Commodities Point to Deflation
September 11th, 2009 2 Comments
The price of Gold continues to look strong which leads to the fundamental argument that the market expects inflation. I really have not seen a chart that shows a correlation but a relationship may exist between gold and inflation.
Tags: Commodity Charts · Gold · Inflation-Deflation
Gold Showing Strength After 180 Day Correction
September 4th, 2009 No Comments
Gold continues to be one of the few strong commodities in the market. The price of Gold is well above the 1×1 descending angle and attempting to take out the 2008 high.
Tags: Gold
Silver and Gold Weakening in the Intermediate Term
August 25th, 2009 6 Comments
I have been seeing a number of buyers of silver and gold over that past few months around the internet. My assessment is that both of these commodities have weakened over the past few months and are not as strong as they were earlier in the year.
Tags: Commodity Charts · Gold
Commodity Research Board (CRB) Index Weak
August 5th, 2009 No Comments
The commodities charts I follow are all weak with the exceptions of Gold and Food & Beverage. My guess is that all commodities will have another leg down with the total market rolls over.
Tags: Commodity Charts · Gold
Gold Charts Remain Strong
July 16th, 2009 No Comments
The price of gold is holding up extremely well following the 1999-2008 bull market. Price remains above the 1×1 angle but time has not reached 25% of the bull market time cycle.
Tags: Gold
Gold Formed Lower High
June 15th, 2009 5 Comments
The swing chart has many a lower swing high which should be watched for additional deterioration in price.
Tags: Cup with Handle · Gold
Few Strong Industry Charts
June 8th, 2009 2 Comments
After a review of all industry charts, the only charts above the 50% price retrace level were the Gold, Retail, and Food-Beverage industries/sectors.
Tags: Gold · Retail Stocks · Swing Charts
Gold Squaring Out In Bullish Position
June 1st, 2009 5 Comments
The price of Gold is near the all time high as time squares out.
Tags: Cup with Handle · Gold
Gold Strong In Multiple Time Frames
May 20th, 2009 2 Comments
Yesterday I discussed the 10 year Treasury Bond and how I believe it indicates a lack of inflation in the next several years. Today I show Gold which is often discussed as an inflation hedge.
Tags: Cup with Handle · Gold · Swing Charts
Gold Forming Inverse Head and Shoulders?
April 27th, 2009 4 Comments
The price of gold topped in March 2008 and tested the 1×1 descending angle into 2009. Recently price made a run at the old high – but failed.
Tags: Gold
The ValueLine Arithmetic Index At Resistance
April 7th, 2009 5 Comments
The ValueLine Arithmetic Index (VLE) is at resistance while the price of Gold has broken down below the 1×1 diagonal.
Tags: Gann Angle Fan · Gold · Swing Charts · Value Line Arithmetic Index (VLE)
US Dollar Up – Gold Down In Short Term
March 30th, 2009 No Comments
Gold looks weak while the US Dollar looks strong in the short term.
Tags: Gold · US Dollar (USD)
US Dollar, Gold, and AMZN
March 19th, 2009 1 Comment
A look at the recently strong charts of Gold, Amazon.com (AMZN), and the US Dollar.
Tags: Amazon (AMZN) · Elliott Wave Analysis · Gold
Gold Still The Strongest Commodities Chart
March 5th, 2009 No Comments
Gold continues to have the strongest chart of any commodity.
Tags: Gann Angle Fan · Gold
Weekend Outlook – 22Feb09
February 22nd, 2009 2 Comments
This weekend’s post is a look back to money flow through the system from from 2000 to today.
Tags: Commodity Charts · Energy-Oil-Gas (XLE) · Gold · Housing and Construction · Inflation-Deflation · Market Outlook
Gold Has Been Strong Since October
February 19th, 2009 No Comments
The price of Gold continues to rise well above the 1×1 angles.
Tags: Gann Angle Fan · Gold
Gold Is On The Move
February 13th, 2009 2 Comments
Gold is in a strong position to continue a move up. But price may be moving up too far too fast after a multi-year bull run.
Tags: Gann Angle Fan · Gold