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GLD

Platinum over Gold and Silver?Precious metals sold off some but in light of Ms. Yellen moving in to Treasury, a continuation of her currency expansion is likely. To disregard physical precious metals as perhaps the only safe store of wealth seems to be folly. While the gold/silver ratio has fallen from nearly 120:1 down to the mid 70s, Silver is no longer the best value. The Platinum Silver ratio had ranged from 126 down to 33. At it's current 43 level, it does seem like the place place to put new cash.
TVC:PLATINUMLong
by Glewis54
GDX continues its original path - DOWN to 30GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant development. MACD is crossing down soon in bear territory, and the RPM is pushing down again! Shifted downside target to 30, mid Feb 2021.
AMEX:GDXShort
by Auguraltrader
Has GOLD Caught My Attention? Breakout on the HorizonGold Weekly uptrend is in a current consolidation cycle, hence the up and down movement on the Daily chart with no clear direction as of yet. As we zoom in intraday for multiple time frame analysis, you will see the 2 hour chart(left side) has found support at $1836 and the bands are constricting around the price action. Now with every great consolidation cycle, comes great volatility as we know one thing is true "Volatility is cyclical". So with a bottom in and intraday charts aligning, this intraday breakout IF strong enough, could set the Daily chart up for a strong enough break out, to pour over into the weekly charts to continue the uptrend and breakout of the Weekly chart consolidation Cycle. Gold is on watch, has the potential to move like bitcoin, once the market takes it last breath, this would be a good bottom to establish one self IF it holds. $1900 is the key level to break and hold...All aboard? TVC:GOLD
TVC:GOLDLong
by TTMTrades
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