Get started

Goldstocks

GOLD IS DEAD?In short our full net short position in gold and silver is well justified from the measurement of risk and reward at the time writing this article/idea As we are seeing from the past couple of days mining stocks,gold and silver have been moving sideways and volatility have been decreased in a significant manner,many inexperienced traders gets confused at this point as they thought no significant price move is going to happen and there is no point to watch this market but reality is exactly opposite low volatility in gold often precedes huge moves in prices and we are attaching the chart below so you see it clearly,what we saw in this market (having experience of more than 6 years) that in most cases implication of low volatility meant that a huge bearish move is about to take place,we are attaching two charts below so you could be able to see that why recent low volatility should be seen as upcoming bearish movement,to watch this we have to see gold stocks to gold ratio and the gold stock to the general stock ratio,https://www.tradingview.com/x/IE2AUB3u/ if you look at both ratios you could clearly see that entire sideways movement in p.m sector is verifying the breakdown in both ratios,on a short term basis you could see the prices not moving if you will try to look at long term picture then you should be ready to see significant decline in prices ok let's quickly jumped into silver,we already have wrote in our previous articles that silver still can made a short term small upswing before it plunges back,we still support our previous idea that either silver can decline immediately or it could move little higher before quick decline continues,we can compare the analogy of late nov 2017 to current situation GOLD-our previous comment on this metal is still up-to date i would like to add few things today and that is comparison of current situation to 1st nov 2017 when gold made its final top and quickly plunges back and made its breakdown below 50 day moving average.well that session was quite interesting,those who followed our instruction made huge profit at that particular session,as we already know volatility has been decreased and gold almost did nothing yesterday,if we compare the situation to gold previous breakdown below 50day moving average the implication seems quite bearish, Adding things up-As we already wrote many times that an small upswing in white and yellow metal is still probable and in white metal that's what we are seeing right now gold miners under performance makes this point even more valid,overall it seems that the big decline is just around the corner we will update you anyway!!!
FX:XAUUSDShort
by NeerajPandey
1
Update on GoldI'm still long on gold, adding to my position with the most recent dip. RSI has failed to break down below the mid 40 level two times already (a failed attempt now would be the third). As I mentioned in my last post on gold, I saw a potential drop to the 1230-1240 area, which we got (I commented to a TV'er that I thought 1250 might be an updated bottom, was too optimistic about that). With Q1 GDP being 0.7%, and the Hard US Data getting worse as the quarter went on, the trend is down. I still see 1450 as my mid-term target (July). Furthermore, during the next gold run, I believe this will be the time that miners actually respond, and will outpace gold on this run. USD will continue to make lower highs, and lower lows. My current positions are SEA and GPR on the TSX.
FX_IDC:XAUUSDLong
by GeorgeJimas
3