Commodities

Gold Price Chart
15
Nov

[VIDEO] Gold Price Update, Nov 15, 2019

Picking up from last week's video, I wanted to do a deep dive into gold, particularly because there is a diversity of opinions regarding whether we break down from here or we make another leg higher. In this video, I address a recent chart from JC Parets at All Star Charts and my opinion regarding...
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09
Nov

[VIDEO] Precious Metals Price Update, Nov 08, 2019

In this week's video I take a look at the charts of gold, silver, platinum, palladium, and copper and offer some thoughts on where I see prices moving next. As always, whether you agree or disagree, I would love to hear your feedback.
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24
Oct

$GC Gold Looking Break Out of Bull Flag

The run-up in gold this morning has price action testing the downtrend line from the September high for the fourth time. Gold has been forming a bull flag for the past eight weeks, and $1505 also coincides with the 38.2% Fibonacci retracement from the September high to the October low.
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17
Oct

Now Available: Fibonacci Webinar

If you missed the free Fibonacci Webinar last Sunday, October 13th, 2019 with my friends at Trendspider, a link to the recording is here.
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12
Oct

Free Fibonacci Webinar: Sunday, October 13th, 6pm EST

Anyone interested in learning more about applying Fibonacci levels in technical trading, please join me this Sunday, October 13th, 2019 at 6pm EST for a webinar with my friends at Trendspider. A link to the webinar is here.
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Oil-gold ratio
10
Sep

Oil/Gold Ratio At Key Support

The fear throughout the summer has been that a frothy equity market (up double digits YTD), a Federal Reserve that has been reluctant to aggressively lower rates, trade wars with China and other countries, an inverted yield curve, and the cusp of a Presidential election would all serve to dampen the economic outlook and give...
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gold ands bonds
29
Aug

Gold and Bonds Highly Correlated

Since 2015, the gold market and bond market (I use the $TLT 20-Year Bond ETF as a proxy for bond market performance) has been highly correlated. Both asset classes are viewed as a risk-off flight to safety. While past performance does not predict future performance, it is worth noting that many are viewing the bond...
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Gold Chart
22
Aug

Expecting a Pullback in Gold

Gold has been on an epic run since early May, breaking out of a six-year base and launching almost $300 per ounce in the span of three months. Momentum favors the bulls, and the technicals look very strong over the long term. The backdrop of lower global yields and potential monetary stimulus are key fundamental...
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Steel
25
Jul

$HRC Steel Continues Downward Trajectory

The chart of steel (US Midwest Domestic Hot-rolled Coil Steel) is one of the cleaner technical charts in my queue . . . and it is a disaster zone. I’m looking at the front month weekly chart as a proxy for steel prices. Some key features of the chart:
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24
Jul

$PL Platinum Reversing Against Gold

Platinum has underperformed gold since the ratio double bottomed in 2014. This has been especially frustrating for bulls as platinum's cousin in the PGM group - palladium - has burst to all-time highs through the same period.
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