Category Archives: Gold

Correction Time? Now or Never…

Posted on February 20, 2013 by

The S&P500 had its worst daily decline for the year.  The VIX spiked over 19 percent, its biggest 1-day increase in 2013.  The dollar index closed at its highest level since November 16th,  which was the day the S&P500 bottomed … Continue reading →

Posted in Commodities, Dollar, Equities, Gold | Tagged , , , , , | 4 Comments

Gold: The Valentines Day Heartbreaker

Posted on February 14, 2013 by

If you are thinking about giving the sweetheart some gold for Valentines Day,  you may want to wait a few days.  This is one ugly chart and shows gold — in the form the GLD ETF — hanging by a … Continue reading →

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Gold’s 50-day Moving Average

Posted on January 19, 2013 by

If technical levels matter, they matter in gold.  Check out how it was rejected both Thursday and Friday right at the 50-day moving average. Looks like gold is about to break either way.  We’ll wait for confirmation.  Could the Bank … Continue reading →

Posted in Gold | Tagged , | 2 Comments

Technical Chart Patterns and Perspective

Posted on January 8, 2013 by

Yesterday we posted a technical piece on gold, which one of our friends down under picked up.   They made us think about how technical analysis is more art than science (just like economics, by the way) and how bull/bear conclusions … Continue reading →

Posted in Gold, Technical Analysis | Tagged , , , , | 1 Comment

The Golden Flag

Posted on January 7, 2013 by

Gold has begun the year thrashing around in its flag chart pattern and off about 1/2 percent YTD.   Along with Apple,  it has been our printing press over the past five years.   Both currently trade like dog dirt. Yesterday’s low … Continue reading →

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Gold is no hedge for Apple

Posted on December 20, 2012 by

A friend of GMac Monitor tweets on our last post on gold:  “so gold is no short-term hedge for Apple?” When in doubt go to the charts… Short answer.  Nope! Didn’t the Mayans write about this correlation?  Or was it … Continue reading →

Posted in Apple, Gold | Tagged , , | 1 Comment

What’s Up With Gold?

Posted on December 17, 2012 by

The Fed expanding its balance sheet by over $1 trillion next year and the Bank of Japan expected to embark on massive quantitative easing and gold can’t catch a bid.  WTF? Mark Dow over at Behavior Macro has the best … Continue reading →

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Cue FED

Posted on December 11, 2012 by

Here’s some interesting data the Fed is surely looking at. The monetary base has been flat lining since the end of QE2 –  i.e., the balance sheet growth of the Federal Reserve has not been above long-term growth.  May explain … Continue reading →

Posted in Gold, Monetary Policy | Tagged , , , | 2 Comments

Gold At Key Level

Posted on November 25, 2012 by

The gold ETF’s (GLD)  closed above its 50-day moving average for the first time in over a month after its 1.22 percent move on Friday.  The chart below illustrates the 50-day has been key resistance since the correction from around … Continue reading →

Posted in Gold | Tagged , , | 3 Comments

Gold and S&P500 Part Ways

Posted on November 11, 2012 by

Gold was clearly rejected at its 50-day moving average on Friday to close almost unchanged for the day.  We really want to buy it here, but Friday’s gravestone doji candlestick coupled with the failure to move through the 50-day makes … Continue reading →

Posted in Gold | Tagged , | 1 Comment