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Tag Archives: gold
Late Gold Bears May Get Crashed
Last Friday I warned about the possibility of a double bottom in GLD and that traders should not listen to either catastrophic or euphoric calls about gold or any other market because most of those who issue them are in the … Continue reading
Posted in ETF Analysis, Technical Analysis
Tagged chartists, ex post ex ante technical analysis, gold
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Massive Gap Closure in Gold But Upside May Be Limited
A massive move has taken place in gold in the last few days from its low after the recent plunge to close the gap left open on Monday two weeks ago. Any upside appears to be limited at this point by … Continue reading
When to Ignore Extreme Oversold Conditions
Gold has plunged to extreme oversold territory but unless one is very sophisticated with timing entries and exits and managing position risk, these technical reversal signals should be ignored. Extreme oversold, and also overbought, conditions can be quite misleading as market participants … Continue reading
Posted in ETF Analysis, Risk Management, Technical Analysis
Tagged gold, technical reversal signals
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Gold False Breakout to the Downside
Spot gold has gained more than $45 after testing longer-term resistance near $1,540 last week. Some technical analysts have recently focused on some, in my view, random pattern formations on the gold chart and have pointed to an imminent collapse. Recent … Continue reading
Gold is Oversold But Selling May Continue After a Short Pause
After a year and a half of sideways action and a bombardment with promises of new highs by analysts of all kinds, gold investors are frustrated and are selling. Especially annoying to them is the fact that SPY is up 4.9% while GLD is down … Continue reading
Gold Breaks Below Key Support
Numerous promises for a rally in gold during the last two years that have not materialized have made traders and investors quite uncomfortable with the future of this precious metal. Yesterday, GLD gapped down below its 200-day simple moving average and may test the December … Continue reading
What Return?
This is the time of the year when performance statistics are published in the blogoshpere. One of the parameters reported is the arithmetic 1-year return for stocks, commodities, currencies, funds, etc. But what return? The details of the calculations are usually left out. Here is … Continue reading
Posted in Market Statistics
Tagged arithmetic return, Bespoke, gold, London gold fixing, Netdania
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Buy Bonds or Gold or Give the Money to Charity?
Those selling stocks and buying bonds or gold at this point may want to consider giving at least part of the money to charity instead of handing it to the market. Buying some gold for protection is fine but selling high quality stocks at this … Continue reading
Gold Prices Plunge But Find Technical Support
Spot gold prices plunged yesterday after a failure to stay above $1,700 per ounce, a move that was assigned high probability in a recent post. Prices found technical support at the 200-day moving average near $1,661 per ounce. The question now is … Continue reading
Probability of a Dive in Gold Prices Has Increased
The longer gold struggles to stay above $1700 an ounce the higher the probability of a dive to lower levels. Support is near the 200-day moving average at around $1661.