The above is my non-professional, long term view of gold in logarithmic scale. Given that the metal still seems to be in a phase of indecision, I will have to wait and see how this consolidation resolves before deciding on the likely long-term direction of the gold price.
Gold and Silver tend to follow seasonal patterns. If you have been in this market long you know this is a painful time of year for stackers and longs. Although I am a long term bull, a healthy pull back to 1260-1250 is eminent. We might climb to 1300... but we will come down. Down below if 1250 does not hold gold will fall straight through to 1235-1205. It...
TVC:GOLD
TVC:SILVER
TVC:PLATINUM
FOREXCOM:CUUUSD
Everytime gold, silver, copper, or platinum takes a hit or grows, the rest of the prices per oz go higher as well!
Simplest way to show it. (Go stockchart for volume tracking since 1990 for viewing the entire volume climb).
Since 2011 ( gold 0.32% peak of ≈ 2000usd) big steady increase in volume but price has fallen -30%+ ... Volume wins out in the end long term, no matter the manipulation. You will se the invers correlation with declining volume on growth in almost all high...
After the NFP data DX will power up. 10-year USYT can approach 2.40% levels. Gold can also react at $ 1267 - $ 1270.
In addition, silver has a strong stance and is good for gold.
McEwen Mining- $MUX Tremendous growth prospects ahead -
The first thing I look for when investing in a company is its management and its potential both in the short term and longer horizions.
$MUX has a key advantage to other Junior miners becuase its led by Rob Mcewen the X (ceo) of Gold Corp. Rob has a wealth of industy experience and unlike most CEO's his...
Hey Traders, we have a Weekly/Daily Bearish Cypher Pattern on Silver, coming in at a previous level of structure resistance. Gold & Silver have had a nice run up and I believe this run will continue however nothing goes up in a straight line and if it does, it is an unsustainable move. With that said, I am seeing a healthy uptrend in regards to the metals & the...
The writings are on the wall.
So have the People Bank of China (PBOC) just spent the last 8 months shaking out yuan speculators in the midst of a US dollar weakness?
A quick peek in USDCNH shows that we're sitting on a trend line right now that I've drawn since 2016. The wick down and V bottom also further validates that trendline.
things are about to...
The gold chart is on a long-term upside
Most likely, the fall in gold prices, which began in 2011, has come to the end
> And of course, the price trend of silver is like gold
