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GLD - Head & ShouldersNEM broke out of its head and shoulders in a big big way today (see my idea from last week). This is also a textbook set-up. GLD still in original uptrend that it began last summer. All this stimulus is very positive for metals. Could use a breather or some sideways action but often you don't get a chance. If miners lead the metals then a breakout in GLD should be coming soon. Although NEM made new high, GDX still has not had a breakout so watching that closely.
AMEX:GLDLong
by BobbySpa
MSI Momentum Strength Index 2x set Baiynd -Tom1trader Stochastic Momemtum Index - a true strength indix tsi with a moving average signal. This uses the built in with modifications per Anne-Marie Baiynds recommendations - she uses a SIMPLE MOVING AVERAGE for the signal (signal length at 4x the short length seems to work best to reflect actual price action support or resistance) see a YouTube vid (Note: settings in videio have been updated to her most recent recommendations in this code video is entitled "The Most Reliable Technical Indicator I Have Ever Used" Anne-Marie Baiynd also in talks / videos refers to the use of short / long of 4/20 and 6/40 and have combined both of them here this gives a perspective on slightly higher time frame action. USAGE: Generally above and below the black dashed zero line is long or short KEYS: -Plot position relative to zero black, red overbought, green oversold and the gray lines at .25 -.25 Indicator action often more significant out side of the more "neutral" +.25/-.25 area and near or above/below the rede/green dashed lines. -Steepness of slopes Slopes of smi plots relate directly to price action. - -SMI blue relation to its smiple moving average orange and the longer moving average purple. MAJOR FEATURE - The average acts as support or resistance to the SMI and the price unless breaking out is finding primary/secondary support or resistance as well. YOU CAN SEE WHERE SUPPORT OR RESISTANCE MAY BE ENCOUNTERED.(mcuh unlike most indicators) My satandard caveat use at your own risk. Like anyone else I do not know what the next bar/candle is going to do and I place all of my trades with a management plan in place for the worst case scenario. That said enjoy your charting and trading. This was coded starting with the built-in indicator "SMI Ergontic Oscilator / Indicator". You do this by within the Pine Editor select "New" tab and choose the indicator that you want the code for. This populates the editor with the code for the built in indicator and you can modify it to suit your purposes and save it / publish it and etc. Thanks for following this and Keep Smiling!
AMEX:GLD
by Tom1trader
4
Is Gold a Good Safe Haven During a Market Crash?Gold is widely perceived as the best safe haven for your capital as the stock market goes through a bear market correction or crash. But is this really true? For gold to be a good hedge it would need to move in the opposite direction (have a negative correlation) to the broad market index, in this case, the S&P500. Looking back 15 years we can see this is not the case for Gold (GLD) versus the market. 2005 to 2007 Gold out-performs the S&P500 with 52% gains compared to 25% for the S&P500 2007 to 2009 During the Financial Crisis, Gold provided a good safe haven for 7 months until it lost all of its gains. 2009 to Present The S&P 500 goes on a staggering bull run making 481% to January 2020 Gold makes 138% from 2009 to 2012 moving in correlation with the market, then suffers a serious crash wiping out 42% of its value. The crash and stagnation lasts 8 years. Gold is still 13% lower than its previous all-time high. My Observation 1. Gold might provide a very temporary solution as a safe haven during the early part of a stock market correction. 2. During the Credit Crisis, Gold should have been a perfect store of value because as it seemed the Fiat Currency system was failing gold would have been a great replacement currency along with silver. But that did not work out. 3. Gold is only a safe haven is people think it is. 4. Since the 2009 market bottom, Gold has increased by 65% and the SP500 232% Would I use Gold as a safe haven? Personally no. Not based on this evidence. But in the short-term it may provide relief until people stop believing. What is a good alternative? Holding cash and dollar-cost averaging into the market again as we near the bottom. If you like this analysis, please like and follow so you dont miss future updates. Thanks for reading, Barry
AMEX:GLD
by liberatedstocktrader
10
SHORT GLD / LONG BTCThe definition for safe haven says: It is a financial instrument that retains or even increments its value during periods of financial turmoil. Certain characteristics that a safe-haven assets have: liquidity, limited supply, and functionality. In the last years, I have heard many debates between gold and bitcoin followers. Let's see the charts: GLD reached its peak in September 2011, and it has lost 46.13% of its value in December 15'(approximately 1560 days). On the other hand, BTCUSD reached its peak in December 17'. It has lost 84.27% of its value in December 18' (approximately 364 days). It is too early to call BTC a safe-haven asset. Its very volatile, and it loses its value faster and in big proportions than GLD. The last example was of this was reflected during the last weeks when the vireus had outbreaks in Italy and other parts the world. GLD lost 14.46%, while BTC lost 62.89% of its value. 1. When I analyze the liquidity part of the equation, BTC has an advantage. Bitcoin's technology (blockchain) makes it easy for people to transfer money around the world. It can be easily converted in U.S dollars, Japanese yen, Peruvian Sol, etc. Diversely, gold could be very tedious to convert into cash. 2. One of the main characteristics of a safe-haven is its limited supply. Both GLD and BTC meet that requirement. 3. The last characteristic is its functionality. Safe-haven assets must have a use that will maintain long-term demand. I personally think BTC has an advantage on this one. The GLD charts shows a broken uptrend channel. Price has re-tested support level. This may suggest GLD may see new lows in the coming days/weeks. On the other hand, BTC price action has formed a symmetric triangle. Price has touched an important monthly demand zone. The more times a zone is touched, the more important it becomes. LONG BTC SHORT GLD We will see!
AMEX:GLD
by Andresa30