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Gc!!

GOLD: some info (D)Hi Guys, Here a link to Investopedia definition of Cup & Handle: www.investopedia.com There are many more on the web. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
5
Gold vs BanksThis chart shows the ratio of XAUUSD vs BKX bank index Gold is typically considered a secure investment in times of economic uncertainty The KBW Bank Index (ticker BKX) tracks the stocks of 24 major banking companies since the early 90s. This index serves as a benchmark of the banking sector. During the Great Financial Crisis of 2007–08 questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets. Gold surged in price relative to the bank index. Another surge in this ratio can be seen during the 2011 Credit Crisis, Standard & Poor's downgraded America's credit rating from AAA to AA+ on 6 August 2011 for the first time. Fears of contagion of the European sovereign debt crisis also increased at this time. Since 2013 the narrative has been rather consistent confidence in the banks. Gold has lost strength while real yields on Treasuries have risen. During the earnings recession of 2015-2016 fear returned of economic slowdown and rising defaults in junk credit. Recently with the flattening yield curve fears of slowing economic activity took over markets towards the end of 2018. Projections of another recession are expected for the years ahead possibly by 2020.
FX:XAUUSD
by dime
Critical trend line already broken...This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other computer generated code thing. Good luck gold bulls, you're going to need it. Target: $102
AMEX:GLDShort
by streetgainer
1