Looking at the Line chart you could say we never reached overbought and we could be turning around right now toward the 5.0-5.5 area to complete the job.
Looking at the Candlestick chart you could say we hit overbought at 5.0 and and we're working on a new leg toward 3.75.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$gold:$xau,uu[w,a]dallyyay[de][pb50!b200][vc60][iub14!la12,26,9]&r=3051.gifhttp://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$gold:$xau,uu[w,a]daclyyay[de][pb50!b200][vc60][iub14!la12,26,9]&r=3884.gif
Two Differnt Views of Gold:XAU Ratio
Started by
no_mind
, Jun 03 2004 07:19 PM
6 replies to this topic
#2
Posted 03 June 2004 - 07:55 PM
thanks for the charts No_Mind.
Some observation of the long term chart from the ShareLynx Gold website...
http://www.sharelynx.../historical.php
it rarely moved above 5.0 (LT Bottom), hence the LT bottom a few years ago.
and the LT TOP is actually more closer to 3.0 (which is also rare.) SBC
Some observation of the long term chart from the ShareLynx Gold website...
http://www.sharelynx.../historical.php
it rarely moved above 5.0 (LT Bottom), hence the LT bottom a few years ago.
and the LT TOP is actually more closer to 3.0 (which is also rare.) SBC
#3
Posted 03 June 2004 - 09:13 PM
SC,
Thank you for the link... I like those.
#4
Posted 03 June 2004 - 10:07 PM
#5
Posted 03 June 2004 - 10:21 PM
oh well, there's access problem...it's the one with
Gold/XAU Ratio
link at the left side of the webpage.
#6
Posted 04 June 2004 - 02:17 AM
I remember someone posting earlier that if you chart ratios you should always go with line...not candles (it doesn't caluclate them correctely or something)
Health Canada has just released a study which shows that 100% of the population who have been exposed to whole milk products will die.
#7
Posted 04 June 2004 - 03:54 AM
Tom D,
Thank you. Come to think of it, I can only remember seeing them displayed in line form. I'll continue checking into it, see what more I can find out. I just thought that one reflected the intraday prices and the other didn't, so I've been looking at both to cover all bases.