"Should the extreme in gold/silver ratio on the current gold benchmark be considered as important as the gold benchmark on May 2, 2011?" ... Ross Clark Note: I am not sure how to interpret this information. Any opinions? 
The unfolding upmove in gold
Started by
Smithy
, Oct 14 2018 07:10 PM
gold charting techincal analysis gold bull market
678 replies to this topic
#471
Russ
-
- Traders-Talk User
- 7,196 posts
Member
Posted 29 March 2020 - 02:18 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#472
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 29 March 2020 - 10:22 AM
Ray Merriman (MMA) holds that divergence between gold and silver is a necessary condition for a turn.
We have it here on a large scale.
The extreme GSR, if it turns, silver must gain more than gold going forward.
#473
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 03 April 2020 - 09:58 AM
This morning gold futures are acting as a lead indicator for spot.
#474
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 04 April 2020 - 10:18 AM
Saturday morning
Gold open interest has dropped 32% in 6 weeks, and silver down 42%.
OI is a form of sentiment indicator.
It would be good to know where the money fled to. I'm guessing some into physical.
#475
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 04 April 2020 - 10:18 AM
GLD physical gold inventory
Edited by Smithy, 04 April 2020 - 10:22 AM.
#476
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 04 April 2020 - 10:32 AM
On 12/31/19 a 100 oz silver bar at APMEX.com sold for $18.41/oz when spot was $18.01, a margin of +$0.40 or +2.2%.
Today on APMEX that 100 oz silver bar sells for $18.61/oz and spot is $14.34, that is +$1.29 or +30%.
Is this a temporary virus related panic spike or does it represent a new normal of an ongoing bullion shortage?
#477
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 10 April 2020 - 05:51 AM
I think this wedge may break to the upside.
#478
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 14 April 2020 - 09:20 AM
A blow off peak in gold this way cometh.
#479
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 14 April 2020 - 12:23 PM
Spot gold curr. $1738.
I have a short term interim target of spot $1764.
We'll see.
#480
Smithy
-
- Traders-Talk User
- 2,293 posts
Member
Posted 17 April 2020 - 10:11 AM
I'm wondering if spot 41 x 41 might hold.
Also tagged with one or more of these keywords: gold, charting, techincal analysis, gold bull market
TTHQ Directory →
Market Analysis Area →
Weekly Breadth Data - 1/19/24Started by fib_1618 , 28 Jan 2024  breadth, price, a/d line, nyse and 6 more...
|
|
|
||
TTHQ Directory →
Market Analysis Area →
Weekly Breadth Data - 11/24/23Started by fib_1618 , 29 Nov 2023 breadth, money flow and 7 more...
|
|
|
||
TTHQ Directory →
Market Analysis Area →
Weekly Breadth Data - 12/30/22Started by fib_1618 , 03 Jan 2023 breadth, money flow and 8 more...
|
|
|
||
TTHQ Directory →
Market Analysis Area →
Weekly Breadth Data - 12/9/22Started by fib_1618 , 15 Dec 2022 money flow, interest rates, oil and 7 more...
|
|
|
||
TTHQ Directory →
Market Analysis Area →
Weekly Breadth Data - 11/25/22Started by fib_1618 , 02 Dec 2022 money flow, interest rates, reits and 7 more...
|
|
|
