Gold Breaking Out vs. US Banks

Published by Mike Roy | Oct 31, 2023 | 14961

This week we will look at the performance of gold compared to the United States financial sector. When this relationship is rising, it can be said that investors are showing a preference for hard money. When it is falling, investors are showing more confidence in the paper money system.

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Recent Gold Price Volatility Requires A Broader View

Published by Mike Roy | Oct 18, 2023 | 16305

Gold investors feel like they have been on a rollercoaster this month, as price has ranged from as low as $1,810 to as high as $1,932. Sometimes, a pick up in volatility means that a big move lies ahead. Most often, an increase in volatility is a wise opportunity to take a step back and look at...

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Gold: Looking for Important Clues in Unusual Places

Published by Mike Roy | Jun 5, 2023 | 11365

The charts compare the price of gold to the Producer Price Index of Lumber and Wood Products, but also to palladium and to the price of Microsoft stock. To figure out whether an asset is in a bull market, you don't just want to see the nominal value increase, you also want to see that asset outpe...

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Dow/Gold Ratio Testing a Bear Flag

Published by Mike Roy | May 8, 2023 | 12111

Dow/Gold currently finds itself testing the lower rail of what may be a large Bear Flag. If it is a halfway flag, similar to that of the 1970s, the resulting measured move from a breakdown would be below 3. 30,000 Dow/$10,000 Gold? 6,000 Dow/$2,000 Gold? 90,000 Dow/$30,000 Gold? The answer will b...

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Gold and Silver vs. SPX Show Historic Set-Ups

Published by Mike Roy | Apr 19, 2023 | 13632

The Gold/SPX (S&P 500 index) ratio appears to be breaking out of its third major consolidation in the last 100 years. The Silver/SPX ratio shows a similar story to that of Gold/SPX, as it too is breaking out of its third major consolidation in the past 100 years.

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Gold Quarterly Charts Record Major Breakouts

Published by Mike Roy | Apr 6, 2023 | 14510

It appears the debate about whether Gold/Dollar was forming a massive 10+ year Cup & Handle will soon be answered, as price officially broke out of the structure and closed at an All Time High quarterly closing price of $1,968.53 for Q1, 2023.

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