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XAU yahoo a/d line advance/decline gold silver xau

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#1 fib_1618

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Posted 17 June 2018 - 02:54 PM

Let's keep this on the Q.T. - for what it's worth and all that sort of rot.

 

Fib

 

xauyahoo061518.png

 

 


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#2 dougie

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Posted 18 June 2018 - 12:58 AM

that seems like a significant dvergence...



#3 fib_1618

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Posted 18 June 2018 - 11:59 AM

that seems like a significant divergence...

 

Taken another way, there has been a whole lot of accumulation going on in the PM stocks for several months now.

 

This could then further suggest that Friday's sell off in the metals was the final opportunity to buy at wholesale prices.

 

We'll see.

 

Fib


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#4 dharma

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Posted 18 June 2018 - 02:21 PM

open interest also rose on friday indicating that spec shorts increased as many of the spec longs were stopped out.   i am viewing friday as a trap

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#5 johngeorge

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Posted 27 July 2018 - 10:01 PM

Thanks fib for all the great charts you put up for us.  Some of the very best in the business.  I remain bullish simply because to me the reward far out weighs the risk.

 

Some more capitulation:  Vanguard is cancelling its gold fund (vgpmx) and switching it to a cyclical stock fund at the end of September this year. 

 

 


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#6 SemiBizz

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Posted 28 July 2018 - 10:54 AM

No volume on Friday, bottom is not in yet.


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#7 johngeorge

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Posted 28 July 2018 - 04:22 PM

Thanks fib for all the great charts you put up for us.  Some of the very best in the business.  I remain bullish simply because to me the reward far out weighs the risk.

 

Some more capitulation:  Vanguard is cancelling its gold fund (vgpmx) and switching it to a cyclical stock fund at the end of September this year. 

 

 

Info on the change of fund at  Vanguard.

 

"Important notice regarding change in investment policy
Dear Shareholder,
The board of trustees of Vanguard Specialized Funds (the “Board”) has approved changes to the investment
strategy, name, and primary benchmark of Vanguard Precious Metals and Mining Fund (the “Fund”) as part
of a restructuring intended to broaden and diversify the Fund’s mandate. Currently, the Fund is required to
invest, under normal circumstances, at least 80% of its assets in the stocks of foreign and U.S. companies
principally engaged in the exploration, mining, development, fabrication, processing, marketing, or distribution
of (or other activities related to) metals or minerals.
Under the new strategy, the Fund will no longer be required to invest at least 80% of its assets in the metals
or minerals industries and will invest globally across a range of sectors and market capitalizations, while
continuing to maintain meaningful exposure to the stocks of companies in the precious metals and mining
industries. The Fund will be renamed Vanguard Global Capital Cycles Fund, and its primary benchmark
will change to a custom index that is appropriate for the new investment strategy.
In addition to these changes, the Board also approved removing M&G Investment Management Limited as
the Fund’s investment advisor and adding Wellington Management Company LLP as the new investment
advisor to the Fund.
The change in the Fund’s investment advisory arrangements will be effective on or about July 27, 2018. The
investment strategy, name, and benchmark changes for the Fund are expected to become effective in late
September 2018.
The adjustments to the Fund’s portfolio holdings are expected to result in modest, temporary increases in
the Fund’s transaction costs and portfolio turnover rate. It is important to note that the actual transaction
costs, portfolio turnover rate, and any other costs will be highly dependent on a number of factors, including
the market environment at the time of the portfolio adjustments. The change in the Fund’s investment
advisory arrangements is expected to increase the Fund’s expense ratio from 0.36% to 0.37%.

As always, you can download copies of the Fund’s latest prospectuses and reports anytime:
• Visit vanguard.com/fundprospectus to find the latest prospectus, summary prospectus, and statement
of additional information.
• Visit vanguard.com/fund report to find the latest annual and semiannual reports.
For more information about Vanguard funds, visit vanguard.com/fundprospectus to obtain a prospectus or,
if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important
information are contained in the prospectus; read and consider it carefully before investing.
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not
ensure a profit or protect against a loss. Investments in securities issued by non-U.S. companies are subject
to risks including country/regional risk and currency risk. Funds that concentrate on a relatively narrow market
sector face the risk of higher share-price volatility.


Peace
johngeorge





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