drbubb Posted August 6, 2019 Report Share Posted August 6, 2019 Dr.B's Trading Diary : 2019. Diary's 127th Month = Over 10 years. 10 years since 3/09 Low : Dow closed 2017 @ 24,719, 2018 @ 23,327 - 5.63% (YrH: 26,952 / L: 21,713 - 19.4%) Top of Page Charts (Odd) : Channel-GE : MP : PP : Charts : Acore : Fringe : Ag B E G H : Featured Video (coming) ================ DrBubb's Diary - Aug. 2019 Trading - v.127 FRT/ Fed Racetrack: Gold (GLD) vs Stocks (SPY) : GLD-SPY : FRTw/SLV : vs.CRB : GLD-hr : SPY-hr : GLD/SPYratio The Fed's money-printing has maintained confidence in markets - but the money has gone not only into stocks, but also into other areas. For many months, money flowed into commodities like Gold, pushing prices higher even faster than stocks, as the chart above shows. But since Gold's peak in Aug.2011, stocks have outperformed gold. Since then, these two assets have tended to trade counter-cyclically to each other. Gold in EURO - very worthwhile to track Short Term: Medium Term - 3 Years: Gold-inEUR or GLD-toEUR US Stocks: "SPX-in-Euros" .. SPX-to-EUR or SPY-to-FXE .. update Ratio - SPX/Euro has often moved in a nice clear channels DrBubb's "Early Warning System" Leading Ratio ... LQD:TLT-Weekly-3yrs : TLT-vsLQD : Copper : HG price : CU price : SPY-10/11 : SMH-6mos I reckon that the LQD-to-TLT ratio should move in harmony with stocks, or maybe LEAD stock moves. If they are moving in different directions, then one should be cautious. (However, the value of this indicator has become suspect in recent years, after giving some false warnings.) =====Bullish Percentages : BPNYA- : http://stockcharts.c...!Lh14,3]&pref=G BPGDM : http://stockcharts.c...!Lh14,3]&pref=G NASIT - : NAMOT : Summation IndicesINFLATION Watch / "Drivers" (SPY, GLD, DXY) .. 10d : 6mo-D : 2yr-D : 5yr-D // CU-etc : w/XLE : w/OIH : Oil or Copper to lead Commodity bounce-back? : w/OIH : GBS-GoldBullion vs: DBA, XLE, EUR ... update : RECORD : CU may lead GLD and SPY ====== US Fed'l Debt // Formula: (Fed'l Debt - $4.0 Trillion ) x 119 +$100 Date-: DebtTr > G.Eqv /10.40 : - GLD - : - SPY - : -DIFF- : - ratio - : -- CU -- : cu/gld : - FXI - : cu-fxi : - DBA- : - BTC - : end07: $09.23 > 0,722 : 072.2 : $082.46 : $146.21 : -63.75: 56.398% : $20.0e: XX.X% :: $ 17.05: ==== : $ 32.99 : end08: $10.70 > 0,897 : 089.7 : $086.52 : $090.24 : -$3.72: 95.878% : $20.0e: XX.X% :: $ 29.09: ==== : $ 26.18 : end09: $12.31 > 1,089 : 108.9 : $107.31 : $111.44 : -$4.13: 96.294% : $30.0e: XX.X% :: $ 42.26: ==== : $ 26.44 : end10: $14.03 > 1,294: 129.4 : $138.74 : $125.75 : $12.99: 110.34% : $43.71: 31.51%: $ 43.09: $0.62: $ 32.35 : $ 00.29 : end11: $15.22 > 1,435: 138.0 : $151.99 : $125.50 : $26.49: 121.11% : $29.29: 19.27%: $ 34.87: - 5.58: $ 28.88 : $ 04.60 : end12: $16.43 > 1,570: 151.0 : $162.02 : $142.41 : $19.61: 113.77% : $30.34: 18.73%: $ 40.45:-10.11: $ 27.95 : $ 13.48 : end13: $17.35 > 1,689: 162.4 : $116.12 : $184.69 : -68.57 : 062.87% : $22.27: 19.18%: $ 38.37:-16.10: $ 24.25 :$815.00 : end14: $18.14 > 1,783 : 171.4 : $113.58 : $205.54 : -98.04 : 55.26% :: $18.09: 15.93%: $ 41.62:-23.53: $ 24.89 :$316.20 : end15: $18.83 > 1,865 : 179.3 : $101.46 : $203.87 :-102.41: 49.77% :: 2.135 : 2.140%: $ 35.29:-00.00: $ 20.61: $433.50 : end16 (2016) 01/29: $19.01 > 1,886 : 180.0 : $108.05 : $193.65 : - $85.60: 55.80% :: 2.060 : 1.907% $ 31.20:-00.00: $ 19.99: $375.00 : 02/29: $19.13 > 1,900 : 181.3 : $118.64 : $193.56 : - $74.98: 61.29% :: 2. ??? : 1.000% $ 30.00: -00.00: $ 20.00: $434.00 : 03/31: $19.26 > 1,916 : 182.8 : $117.64 : $205.52 : - $87.88: 57.24% :: 2. ??? : 1.000% $ 33.77: -13.17: $ 20.60: $415.00 : 04/30: $19.0E > 1,885 : 181.3 : $123.65 : $206.33 : - $82.68: 59.93% :: 2. ??? : 1.000% $ 33.53: -12.45: $ 21.08: $4 ??.00 : 05/31: $19.0E > 1,885 : 181.3 : $116.06 : $209.84 : - $93.78: 55.31% :: 2.080 : 1.792% $ 33.65: -12.34: $ 21.31: $526.10 : 06/30: $19.0E > 1,885 : 181.3 : $126.47 : $209.48 : - $83.01: 60.37% :: 2.0 ?? : 0.000% $ 00.00: -00.00: $ 00.00: $0 07/31: $19.0E > 1,885 : 181.3 : $128.98 : $217.12 : - $88.14: 59.40% :: 2.0 ?? : 0.000% $ 00.00: -00.00: $ 00.00: $0 08/31: $19.0E > 1,885 : 181.3 : $124.78 : $217.38 : - $92.60: 57.40% :: 2.080 : 1.667% $ 37.08: -16.85: $ 20.23: $570.00 : ===== ye'16 : $20.0E > 1,8 xx : 18x.x : Date-: DebtTr > G.Eqv /10.40 : - GLD - : - SPY - : -DIFF- : - ratio - : -- CU -- : cu/gld : - FXI - : cu-fxi : - DBA- : - BTC - : ====== "GOLD Formula" is : (Fed'l Debt - $4.0 Trillion ) x 119 +$100 : US Govt Debt :: http://www.usgovernmentdebt.us/ The FED must be pleased with the way that money has flowed into stocks, away from Gold. / notes : a b c Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 Month: -SPY- : Chg : volume/ VIX : GDX: +-chg: -GLD- : Chg: volume: x10.?? WTI.Cr: -DXY-- -Chg- : --TLT-: Chg : Posts/Views cum'l 2015 12-31: 203.87 - 2.06: 91.2M: 18.21 : 13.72 +0.06: 101.46 +0.04 : 3.81M: 1060.5 $37.07* 98.693 +0.413: 120.58 +0.54 : 02, 086/ 051, 1,913 2016 03-31: 205.52 - 0.50: 79.4M: 13.95 : 19.97 - 0.26: 117.64 +0.54: 9.17M: 1233.9 $38.11: $94.63 - 0.10 : 130.61 +0.92 : 096/ 4,518 06-30: 209.48 +2.82: 143.M: 15.63 : 27.71 +0.56: 126.47 +0.63: 15.1M: 1324.7 $48.40: $95.81 +0.05 : 138.90 +0.51: 055/ 1,941 09-30: 216.30 +1.62: 98.7M: 13.29 : 26.43 - 0.26: 125.64 - 0.43: 10.8M: 1317.1 $48.24; $95.42 - 0.10 : 137.51 - 1.24/ 096 : 6,335 12-30: 223.53 - 0.82: 86.9M: 14.04 : 20.92 - 0.83: 109.61 - 0.68: 8.79M: 1151.7 $53.72: 102.38 - 0.27 : 119.13 +0.18/ 096: 13876 2017 01-31: 227.53 - 0.02 00.0M: 12.09 : 23.93 +0.78: 115.55 +1.68 0.00M: 1211.8 $52.80: $99.74 -0.62 : 119.84 +0.57/ 120: 10255 02-28: 236.47 - 0.64 69.6M: 12.92 : 22.85 +0.01: 119.23 +0.11 8.29M: 1253.9 $54.01: 101.48 +0.32 : 121.74 +0.45/ 085: 7,634 03-31: 235.74 - 0.55 56.2M: 12.37 : 22.81 +0.26: 118.72 +0.25 8.14M: 1251.2 $50.60: 100.22 - 0.07 : 120.71 +0.35/ 120: 23202 04-28: 238.08 - 0.52 50.4M: 10.82 : 22.23 +0.42: 120.77 +0.38 8.86M: 1268.3 $49.33: $99.04 - 0.15 : 122.35 +0.27/ 098: 11915 05-31: 241.44 - 0.06 00.0M: 10.41 : 22.69 +0.10: 120.62 +0.48 0.00M: 1264.8: $48.32: $97.21 +0.00 : 124.14 +0.05/ 106: 6,918 06-30: 241.80 +0.45 49.4M: 11.18 : 22.08 + 0.13: 118.02 -0.30 6.79M: 1242.3: $46.04: $95.64 +0.09 : 125.12 - 0.29/ 095: 5,020 07-31: 246.77 - 0.14 42.9M: 10.25 : 22.86 - 0.05 : 120.75 +0.06 3.82M: 1273.8 $50.17: $92.90 - 0.43 : 124.04 +0.15/ 094: 5,056 08-31: 247.49 +1.48 75.8M: 10.59 : 24.72 +0.56 : 125.82 +1.46 11.3M: 1322.2 $47.23: $92.62 +0.06 : 127.99 +0.38/ 091: 5,034 09-29: 251.23 +0.88 60.7M: 09.51 : 22.96 - 0.20 : 121.58 - 0.63 8.77M: 1284.8 $51.67: $93.07 - 0.06 : 124.76 +0.28/ 067 : 4,235 10-31: 257.15 +0.40 42.7M: 10.18 : 22.48 - 0.28 : 120.67 - 0.46 3.76M: 1277.5 $54.20: $94.54 +0.01 : 124.46 +0.04/ 101 : 2,371 11-30: 265.01 +2.30 104.M: 11.28 : 22.47 - 0.03 : 121.10 - 0.94 7.84M: 1276.7 $57.40: $92.97 - 0.09 : 125.12 - 0.42/ 079 : 2180 12-29: 266.86 - 1.01 60.8M: 11.04 : 23.24 +0.04 : 123.65 +0.80 7.55M: 1309.3 $60.42 : $92.30 - 0.20 : 126.86 +0.20/ 107 : 1590 2018 01-31: 281.90 +0.14 97.6M: 13.54 : 23.75 +0.30 : 127.65 +0.85 13.0M: 1343.1 $64.73 : $89.11 +0.06 : 122.73 +0.72/ 02-28: 271.65 - 2.78 101.M: 19.85 : 21.35 - 0.14 : 125.00 - 0.13 4.52M: 1317.9 $61.64 : $90.73 +0.07 : 118.75 +0.75/ 076 : 1093 03-29: 263.15 +3.32 104.M: 19.97 : 21.98 - 0.01 : 125.79 +0.06 6.84M: 1327.3 $64.94 : $90.01 -0.13 : 121.90 +0.59/ 067: 0,880 04-30: 264.51 - 2.05 65.0M: 15.93 : 22.28 - 0.45 : 124.59 - 0.91 9.59M: 1319.2 $68.57 : $91.86 +0.27 : 119.10 +0.21/ 074, 0,630 05-31: 270.94 - 1.67 78.4M: 15.43 : 22.34 - 0.10 : 123.10 - 0.27 7.62M: 1304.7 $66.24 : $93.98 - 0.09 : 121.22 - 0.20/ 074 : 0667 06-29: 271.28 +0.39 74.2M: 16.09 : 22.31 +0.38 : 118.65 +0.43 7.67M: 1254.5 $74.15 : $94.47 - 0.85 : 121.72 - 0.42/ 100 : 1026 07-31: 281.22 +1.38 57.6M: 12.83 : 21.28 +0.01 : 115.99 +0.34 5.45M: 1233.6 $68.76 : $94.55 +0.20 : 119.70 +0.65/ 108 : 1038 08-31: 290.31 +0.01 52.7M: 13.81 : 18.55 - 0.14 : 113.51 - 0.13 4.82M: 1206.7 $69.80 : $95.08 +0.00 : 121.00 - 0.29/ 096 : 0954 09-28: 290.72 +0.03 57.6M: 12.12 : 18.52 +0.18 : 112.76 +0.71 5.78M: 1196.2 $73.25 : $95.13 +0.16 : 117.27 - 0.31/ 081: 0753 10-31: 270.63 +2.86 000.M: 21.23 : 18.93 - 0.21 : 115.15 - 0.65 0.00M: 1215.0 $65.31 : $96.85 - 0.15 : 113.31 - 0.85/ 114: 1184 11-30: 275.65 +1.67 78.5M: 18.07 : 19.09 - 0.08 : 115.54 - 0.20 7.83M: 1220.2 $50.93 : $97.20 +0.41 : 115.33 +0.43/ 163: 1556 12-31: 249.92 +2.17 111.M: 25.42 : 21.09 +0.49 : 121.25 +0.19 8.38M: 1281.3 $45.41 : $96.16 - 0.25 : 121.51 +0.51/ 127: 1254 ===== ---: SPY- : Chg : volume/ VIX : GDX: +-chg: -GLD- : Chg: volume: x10.?? WTI.Cr: -DXY- -Chg.- : --TLT- : Chg : Posts/Views cum'l: DEC 28: 247.75 - 0.32 140.M: 28.34 : 20.60 -0.37 : 121.06 + 0.49 6.75M: 1283.0 $45.33 : $96.39 -0.18 : 121.05 +1.01/ 00, 115: 000, 1100 : 31: 249.92 +2.17 111.M: 25.42 : 21.09 +0.49 : 121.25 +0.19 8.38M: 1281.3 $45.41 : $96.16 -0.25 : 121.51 +0.51/ 00, 127: 000, 1254 : JAN 30: 267.58 +4.17 84.3M: 17.66 : 22.18 +0.21 : 124.69 +0.71 12.1M: 1315.5 $54.23 : $95.24 - 0.57 : 120.93 - 0.09/ 03, 103: 034, 1195 31: 269.93 +2.35 80.5M: 16.57 : 22.69 +0.51 : 124.75 +0.06 10.0M: 1325.2 $53.79 : $95.56 +0.32 : 121.97 +1.04/ 00, 108: 000, 1284: FEB 27: 279.20 - 0.12 52.3M: 14.70 : 22.35 - 0.38: 124.69 - 0.89 7.76M: 1321.2 $56.94 : $96.10 -0.02 : 120.43 - 1.38/ 00, 082: 000, 718 28: 278.68 - 0.52 56.1M: 14.78 : 22.24 - 0.11: 123.99 - 0.90 7.51M: 1316.1 $57.22 : $96.23 +0.23 : 120.02 - 0.41/ 03, 085, 032, 750 Mar 28: 280.71 +1.06 53.0M: 14.43 : 22.41 -0.60: 121.90 -1.75 11.4M: 1295.3 $59.30 : $97.20 +0.28 : 126.56 +0.44/ 29: 282.48 +1.77 64.1M: 13.71 : 22.42 +0.01: 122.01 +0.11 6.59M: 1298.5 $60.14 : $97.21 +0.01 : 126.44 -0.12/ 01: 83, 022: 688 Apr 29: 293.87 +0.46: 57.2M: 13.11 : 20.84 - 0.46: 120.83 - 0.54 4.47M: 1281.4 $63.50 : $97.86 - 0.15: 123.02 - 0.19/ 00, 071: 000, 640 30: 294.02 +0.15: 00.0M: 13.12 : 20.89 +0.05: 121.20 +0.37 0.00M: 1286.7 $63.91 : $97.53 - 0.33: 123.65 +0.63/ 00, 074: 000, 680 MAY 30: 279.03 +0.76: 82.1M: 17.30 : 20.77+0.45 : 121.69 +0.82 7.76M: 1292.4 $56.59: $98.17 +0.03: 130.20 +1.11/ 00, 092: 000, 1000 31: 275.27 - 3.76: 86.9M: 18.71 : 21.59 +0.82 : 123.33 +1.64 15.4M: 1311.1 $53.50: $97.61 -0.56: 131.83 +1.63/ 02, 094: 047, 1047 June 26: 290.47 - 0.29: 51.6M: 16.21: 25.52 -0.11: 132.97 - 1.23 12.0M: 1000.0 $00.00: $96.27 - 0.02: 131.97 -0.85/ 27: 291.50 +1.03 00.0M: 15.82: 28: 293.00 +1.50: 59.4M: 15.08: 25.56 +0.00: 133.20 -0.00 00.0M: 1000.0 $00.00: $96.20 -0.00: 132.55 +0.00/ 00,060: 000, 720 July 29: 301.46 - 0.55: 38.1M: 12.83: 27.77 +0.49: 134.53 +0.89 9.16M: 1420.0 $00.00: $98.05 +0.00: 131.51 +0.00/ 30: 300.72 - 0.74: 45.8M: 13.94: 27.83 +0.06: 134.98 +0.45 9.45M: 1442.0 $00.00: $98.06 +0.01: 131.83 +0.32/ 31: 297.43 - 3.29: 104.M: 16.12 : 26.50 - 1.33: 133.21 - 1.77 18.8M: 1437.8 $58.58: $98.82 +0.76: 132.89 +1.06/ AUG 01: 294.84 - 2.59: 143.M: 17.87 : 27.85 +1.35: 136.41 +3.20 27.7M: 1432.4 $53.95: $98.34 -0.48: 135.26 +2.63/ 02: 292.62 - 2.22: 117.M : 17.61 : 27.77 - 0.08: 135.89 -0.52 13.8M: 1557.5 $55.66: $97.52 -0.82: 136.51 +0.25/ 05: 283.82 - 8.80: 179.M: 24.59 : 28.60 +0.83: 137.79 +1.90 17.5M: 1476.5 $54.97: $97.35 -0.17: 138.87 +2.36/ 06: 287.80 +3.98: 121.M: 19.76 : 28.67 +0.07: 138.91 +1.12 9.47M: 1484.2 $53.63: $97.70 +0.35: 139.98 +1.11/ 07: 287.97 +0.17: 000.M: 19.49 : 29.26 +0.59: 141.02 +1.09 0.00M: 1519.6 $51.09: $97.62 - 0.08: 140.03 +0.05/ 08: 293.62 +5.65: 87.7M: 16.91 : 29.77 +0.51: 141.73 +0.71 13.1M: 1509.5 $52.54: $97.56 - 0.06: 140.33 +0.30/ 09: 291.62 - 2.00: 00.0M: 21.09 : 29.36 - 0.41: 141.26 - 0.37 00.0M: 1508.5 $54.50: $97.38 - 0.19: 140.05 - 0.28/ 12: 288.07 - 3.55: 65.2M: 21.14 : 29.00 - 0.36: 142.63 +1.37 14.9M: 1517.2 $54.93: $97.58 +0.20: 142.97 +2.92/ 13: 292.55 +4.48: 94.8M: 17.52 : 28.45 - 0.55: 141.78 - 0,85 29.9M: 1518.0 $00.00: $97.78 - 0.03: 142.48 - 0.49/ 14: 283.90 - 4.65: 000.M: 22.10 : 28.41 - 0.04: 142.75 +0.97 00.0M: 1527.8 $55.23: $98.15 +0.37: 145.69 +3.21/ 15: 284.65 +0.75: 102.M: 21.18 : 28.73 +0.32: 143.70 +0.95 13.5M: 1531.2 $54.57: $98.22 +0.07: 147.31 +1.62/ 16: 288.85 +4.20: 85.8M: 18.47 : 28.28 - 0.45: 142.78 - 0.92 00.0M: 1523.6 $54.81: $98.34 +0.12: 146.13 - 1.28/ 19: 292.33 +3.40: 53.6M: 16.88 : 27.93 - 0.35: 141.11 - 1.67 10.6M: 1511.6 $56.14: $98.30 - 0.04: 144.04 -2.09/ 00, 36; 00, 0360 20: 290.09 -2.24: 00.0M: 17.50 : 28.85 +0.92: 142.21 +1.10 0.00M: 1000.0 $00.00: $98.30 +0.00: 145.53 +0.49/ 21: 292.45 +2.36: 49.7M: 15.80 : 28.70 - 0.15: 141.76 - 0.45 8.12M: 1515.7 $55.68: $98.25 - 0.05: 144.56 - 0.97/ 22: 292.36 - 0.09: 51.7M: 16.68 : 28.49 -0.21: 141.40 - 0.26 6.85M: 1508.0 $55.30: $98.17 - 0.09: 143.60 - 0.96/ 23: 284.85 - 7.51: 149.M: 19.87 : 29.64 +1.15: 144.17 - 0.23 00.0M: 1537.6 $54.17: $98.08 - 0.09: 145.96 +2.36/ 26: 288.00 +3.15: 72.6M: 19.32 : 29.64 Unch: 144.19 +0.02 12.2M: 1537.2 $53.64: $97.96 - 0.12: 145.37 - 0.59/ 27: 286.87 - 1.13: 68.3M: 20.31 : 30.56 +0.92: 145.57 +1.38 12.9M: 1000.0 $00.00: $98.06 +0.10: 28: 288.89 +2.02 00.0M: 19.35 : 30.44 - 0.12: 145.16 - 0.41 00.0M: 1549.1 $55.78: $98.51 +0.45: 147.80 +0.00/ 29: 292.58 +3.69: 58.0M: 17.88 : 29.66 - 0.75: 144.12 - 1.04 14.8M: 1536.9 $56.71: $98.44 - 0.07: 147.24 - 0.56/ 00, 50: 000, 435 30: 292.45 - 0.13: 63.0M: 18.98 : 29.86 +0.20: 143.75 -0.37 9.64M: 1529.4 $55.10: $98.81 +0.47: 147.28 +0.04 == Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 Year End price Recap Prices---- > YrE'16 : YrE'17 : change : YrE'18 : change : Gold ------ : 1151.7 : 1309.3 : +13.7% : 1281.3 : - 2.15% : GLD ------ : 109.61 : 123.65 : +12.8% : 121.25 : - 1.94% : Ratio ------: r10.51 : r10.59 : ====== : r10.567 : ===== : GDX ------ : $20.92 : $23.24 : +11.1% : $21.09 : - 9.75% : GDXJ ---- : $31.55 : $34.13 : +8.18% : $30.22 : - 11.5% : SIL -------- : $32.11 : $32.64 : +1.65% : $25.02 : - 23.3% : SLV-------- : $15.64 : $15.98 : +2.08% : $14.52 : - 9.14% : Ratio ------: r2.053 : R2.043 : ====== : R1.723 : ===== : : WTI ------- : $53.72 : $60.42 : +12.5% : $45.41 : - 24.8% : USO ------- : $11.72 : $12.01 : +2.47% : $ 9.66 : - 19.6% : OIH ------- : $33.25 : $26.05 : - 21.7% : $14.03 : - 46.1% : XLE ------- : $75.32 : $72.26 : - 4.06% : $57.35 : - 20.6% : SHcomp : $3,104. : $3,307 : +6.54% : $2,494 : - 24.6% : ======= A month ago, I said: "Many Gold shares are COILED & Ready to spring - if the Dollar slides below $97" But the USD is still over $97, while Gold has jumped over $1300 again. This looks good : : USD Index/DXY: $96.11 -0.29 : Gold : $1282.10 +1.70 ... DXY/ Trade-wgt $/12mo : 2yr : DXY: $97.61+1.44, EUR: $1.1200 -0.027, GBP: $1.264, CAD: $0.738, AUD: $0.694, PHP: 52.15 (from last mo.) GDXJ - OIH vs UDN, SLV ... fr.1/2008 w/Dba : 7/2008 w/Dba : GDXJ: $29.53 +1.03 , OIH: $13.08 -0.36, USO: $11.10 -0.66 FXFX : 2017-mid'19 : Group #1 : update : old chart : JNUG ($7.55 -22.6%), UGLD ($96.39 +1.84%), GDXJ ($29.53 -7.11%) - from last month Group # 2: update : GCM.t ($3.49 -0.85%), CCO.t ($13.64 -12.3%), MUX.t ($1.82 -9.91%) OIH ($13.08 -27.3%) vs. Drillers: HAL ($21.29 -31.3%), MDR ($6.04 -27.8%), ESV ($8.37 -48.1%) Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 Long Term Charts updated from time-to-time, to at least: April 30, 2017 === IWM / etf for Russell-2000 - 12/31/16 : $134.85, 12/31/17 : $152.46 : All-log : 10-yrs : 12mos // SPY ... : To-End-2015 : last-12mos KEY CHARTS =========== SPY / S&P500 etf - (UP) ...SPY: to 12/31/16 : $223.53, 12/31/17 : $266.86 updated 12/17/2018 : 2,545.94 All-log / 3yrs : 4yrs : 5yrs : 10yrs : TREND is still UP, but may be rolling over SPX ... 10-yr .TLT / T-Bonds etf - (DOWN) ... TLT: to 12/31/16 : $119.13, 12/31/17 : $126.86 All / 3 years : 4 years : 5yrs : 10yr : Made an important Peak in 2016 (?) identified in prior chart here ! .UUP / USDollar x2 etf - (Peaking?) ... to 12/31/16 : $26.46,, 12/31/17 : $24.03 All / 3 years : 4 years : 5yrs : 10yr : long ter, TREND is still UP, .USO / Oil etf - (Battling DOWNtrend) ... to 12/31/16 : $11.72, 12/31/17 : $12.01 All / 3 years : 4 years : 5yrs : 10yr : 10yrL : Price is battling that old Downtrend .XLE / Oil stocks - (Fighting back UP) ... to 12/31/16 : $75.32, 12/31/17 : $72.26 All-log / 3 years : 4 years : 5yrs : 10yrs : TREND is still Up .OIH / Oil service - (Fight DOWNtrend) ... $11.72, 2016 , 12/31/17 : $26.05 All-Log : 3 years : 4 years : 5yrs : 10yrs : Major Bottom in place? .GLD / Gold etf - (Reversing Downtrend?) ... 12/31/16 : 109.61, 12/31/17 : $123.65 All : 3yrs : 4 years : 5yrs : 10yrs : Reversing to Up? .GDX / Gold stocks - (Breaking Downtrend?) ... 12/31/16 : $20.92, 12/31/17 : $23.24 GDX ... All-Log : 3 years : 4 years : 5yrs : 10yrs : Reversed to Up in 2016 maybe? .HUI Chart - price data goes back further ... 12/31/16 : 182.31, 2016 range: $99.19 to 286.05 : +199.4% - beta 7.64 All-data : China's Shanghai index last bounced of a support level near 2,600 ShComp 12/31/16 : 3103.6, 2016 range: 2638.3 to 3538.7 : +34.12% - beta 1.305 CN : SHcomp ... All-Log : All-Data ===== other CHARTS ===== 10yrs : SLV : GDXJ : / log : AGQ : PSLV : UGL : PHM +, GDXJ -, RGLD -, HK:HSI +, HK:12 -new, Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 BRADLEY Model : "TURN dates" SPY... 2015-2019: 12-31-16: $223.53 / 12-29-17: $266.86 : +19.4% 2016 : +Jan. 5, -May 10, +June 1, -July 5, +??, -Sep. 28, +Nov. 29 2017 : +Dec. 29, -Apr.17, +Apr.29, -Jun.21, +Aug.19, -Sep .7, +Dec.3, / 2018 : -Jan.4, +Jan.17 2019 : +Jan.18, +Apr.17, -May29, -Aug28, +Oct.9, -Dec3 Model dates: 2019 : 2018 : 2017 : 2016 : 2015 : === Historical TURN: Bonds peaked first in 2015, then the Dollar, then stocks... TLT... 2015-2019 : 12-31-16: $119.13 / 12-31-17: $126.86 : +6.49% USD trade-weighted dollar: DXY ... 2015-2019 : DXY-all-data : 12-31-16: $102.36 / '17: $92.28 : -9.72% sym: ye.2016 : ye.2017 : %.chg : 2017-H : SPY : $223.53 : $266.86 : +19.4% : 268.60 : TLT : $119.13 : $126.86 : +6.49% : 129.57 : DXY : $102.21 : $92.282 : -9.72% : 103.82 : Djia : $19,763 : $24,719 : +25.1% : 24,876 : GLD-: $109.61 : $123.65 : +12.8% : 128.32 : EUR-: $1.0520 : $1.2001 : +14.1% : 1.2093 : Dj/E : E18,786 : E20,597 : +9.64% : PHP-: P49.606 : P50.009 : +0.00% : 52.006 : ==== OTHER Indices : USO : GLD : GDX : PHM : IYR : UGLD-vsGDX : : IMGHST.co Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 MARKET CYCLES - Gold vs Property Charts Gold and Property appear to be counter-cyclical - Time to switch into Gold? Pulte (PHM) vs. Gold (GLD) ... update / 3-yrs : BLUE Box: Sell PHM, Buy Gold / Red Box: Buy PHM, Sell Gold OLD CHART ! 3-years Chart : Key Level for PHM ($24.50) - Old chart : OLD CHART PHM: $24.50, GLD: $112.57 / ratio: 21.8% NEW CHART: PHM showed nice rally vs Gold ... update : Last (4/5/19) : PHM: $28.94, GLD: $121.98 / ratio: 23.7% RATIO : PHM-to-GLD / rose from 21.8% > 23.7% . that's +8.7% higher , and may be peaking out now Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 Gas down, Oil down... OIH making new lows (AGAIN! early Aug.) WTI crude OIH / Oil Service "Oil Service stocks are still under pressure" - I said May 2nd HAL, etc ... update : 10d / Last: $21? Sym. 31may: 01may: -Chg. -Pct%: PER : Yield :HAL: $21.29: $27.59 -6.30 -22.8%:10.6: 3.38% SLB: $34.69: $41.37 -6.68, -16.1%: 23.8: 5.77% Bhge $21.41: $23.55 -2.14, -9.09%: 66.9: 3.36% OIH : $13.08: $16.14 -3.06, -19.0%: N/ A: 2.29% XLE : $58.77: $64.79 -6.02. -9.29%: N/ A: 3.52% CNQ: $26.99: $28.94 -1.95, -6.74%: 14.5: 4.13%CHK: $ 1.92 : $ 2.83 -0.91, -32.2%: 4.43: 0.00% SWN: $ 3.52 : $ 3.87 -0.25, -6.46%: 2.14: 0.00% USO: $11.10 : $13.22 -2.12, -16.0%: ==WTI: $53.50: $63.60 -10.1,-15.9%: == NGas $ 2.45: $2.62: - 0.17, -6.49%: NG/wt r-4.6%: r-4.1%: : Ratio: NatGas to-WTI Crude - @ r-4.12% - Buy NatGas versus Oil? Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 GOLD "knocked on that Ceiling" - of "the $1350 to $1370 area", then broke out to a recent high of $14--- GOLD xx === (as reported last month) === Gold put in a strong performance today with the St. Louis Fed president presenting a case for cutting rates. St. Louis Fed president James Bullard helped light a fire under gold today, Yapping About Too Little Inflation and the Need for Rate Cuts. Technically speaking, the $1350 to $1370 area has been one tough nut for gold to crack. On a weekly chart, gold has failed in this area five or six times, depending on how one counts. Gold fell from $850 an ounce in 1980 to $262 an ounce in in 1999 with inflation every step of the way. People believed Greenspan, the great "maestro" had everything under control. It was an illusion. Faith in central banks is about to be tested again. Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29795842#gfA3VEXYpChAbyD6.99 Edited July 4 by drbubb Link to comment Share on other sites More sharing options...
St. Louis Fed president James Bullard helped light a fire under gold today, Yapping About Too Little Inflation and the Need for Rate Cuts. Technically speaking, the $1350 to $1370 area has been one tough nut for gold to crack. On a weekly chart, gold has failed in this area five or six times, depending on how one counts.
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 FAILED after small breakout? SPX high was on July ?? Index : Target?: Close +change, +pct.: Day-High: Year-H : Below-YrH SP500 : $3,000: 2995.82 +22.8,+0.77%: 2995.84: 2995.84: Record H! DJIA- : 27,000?: 26,966. +179. ,+0.67%: 26,966. : 26,966. : Record H! IWM - : $174.0 : $156.26 +1.11,+0.72%: 156.34 : 173.39 : - 9.88 % RUT - : $1,740. : 1572.12 +11.6,+0.74%: 1572.19: 1742.09: - 9.76 % SOXX- : $220.0: $199.95 - 0.92 ,-0.46%: 200.99 : 218.00 : - 8.83 % XLF - : $ 30.00 : $ 28.08 +0.22, +0.79%: $28.09 : $29.07 : - 3.41 % CHARTS - note how NARROW the New Highs are SP500 : $3,000: 2995.82 +22.8,+0.77%: 2995.84: 2995.84: Record H! DJIA- : 27,000?: 26,966. +179. ,+0.67%: 26,966. : 26,966. : Record H! IWM - : =====> : $156.26 +1.11,+0.72%: 156.34 : 173.39 : - 9.88 % SOXX- =====> : $199.95 - 0.92 ,-0.46%: 200.99 : 218.00 : - 8.83 % XLF - : =====> : $ 28.08 +0.22, +0.79%: $28.09 : $29.07 : - 3.41 % FAZ vs-TZA . update : FAZ $36.09 (yrL-H:$36.09-84.95)/ TZA $44.94 (yrL-H:$39.02-93.45) Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 SLIDING NOW - After a July XX peak... Meanwhile, Gold may be breaking out ==== : Fye'16 : Fye'17 : +-%chg : 12/31 : 02/01 : 03/01 : 05/03 : 05/31 : 07/03 : 08/02 : Gold : 1151.7 : 1309.3 : +13.7% : 1281.3 : 1322.1 : 1299.2 : 1281.3 : 1311.1 : 1420.9 : 1457.5 : GLD- : 109.61 : 123.65 : +12.8% : 121.51 : 124.50 : 121.88 : 120.65 : 123.33 : 133.63 : 137.79 : SPY- : 223.53 : 266.86 : +19.4% : 249.92 : 270.06 : 280.42 : 294.03 : 275.57 : 298.80 : 292.62 : SPX- : 2238.8 : 2673.6 : +19.4% : 2506.8 : 2706.5 : 2803.7 : 2945.6 : 2752.7 : 2995.8 : 2932.1 : S/AU: 194.4%: 204.2%: ====== : 195.6% : 204.7% : 215.8% : 229.9%: 210.0%: 210.8%: 201.1%: WTIc: $53.72 : $60.42 : +12.4% : $45.41 : $55.26 : $55.80 : $61.94 : $53.50 : $57.34 : $55.66 :XLE : $75.32 : $72.24 : -4.09% : $57.35: $64.89 : $66.48: $64.25: $58.78 : $63.00 : $60.40 : OIH-: $33.35 : $26.05: -11.9 % : $14.03: $17.22 : $17.42: $16.34: $13.12 : $14.48 : $12.98 : OI/X : 44.3% : 36.1 % : ====== : 24.46%: 26.54%: 26.20%: 25.43%: 22.32%: 22.98%: 21.49% : Ngas: $3.350 : $2.950 : - 11.9% : $2.940 : $2.734 : $2.859 : $2.570 : $2.452 : $2.290 : $2.120 : Cop'r: $2.510 : $3.305 : +31.7% : $2.630 : $2.773 : $2.932 : $2.819 : $2 .640 : $2.675 : $2.572 : Soyb : 1000.0 : 950.00 : -------> 895.00 : 917.75 : 911.50 : 842.25 : 878.00? : 908.75 : 868.50 : Weat : 408.00 : 426.25 : +4.47%: 503.25 : 524.25 : 457.28 : 438.00 : 502.70 : 514.00 : 490.75 : Corn : 352.00 : 350.75 : - 0.36% : 375.00 : 378.25 : 373.00 : 370.75 : 426.70 : 441.25 : 409.50 : CRB- : 192.51 : 193.86 : +0.07% : 169.80 : 180.55 : 181.50 : 181.77 : 175.35 : 179.08 : 171.49 :DBA : $19.97 : $18.76 : -6.06% : $16.91: $16.93 : $16.45: $16.03: $16.61 : $16.69 : $15.73 : D/crb: 10.37%: 9.67 % : ====== : r9.96%: R9.38%: r9.06% : r8.82% : r9.10% : r9.32% : r9.17% : Xle/D: r-3.770 : r-3.850: +2.14% : R3.391 : R3.833 : r4.041 : R4.008 : R3.539 : R3.775 : r3.840 : DXY- : 102.38 : $92.30 : - 9.85% : $96.16 : $95.62 : $96.45 : $97.26 : $97.61 : $96.33 : $97.52 : TLT- : 119.13 : 126.86 : + 6.49% : 121.51 : 120.96 : 118.66 : 123.66 : 131.83 : 134.21 : 136.51 : === : Gold : 1151.7 : 1309.3 : +13.7% : 1281.3 : 1322.1 : 1299.2 : 1281.3 : 1311.1 : 1420.9 : 1457.5 : Au/hd: r1.401 : r1.58E : ======: r1.61E : R1.617 : R1.681 : R1.730 : R1.748 : r1.78.e : r1. ?? : Hold : 822.17 : 830.00 : +01.0% : 795.8E : 817.40 : 772.46 : 740.82 : 750.0E : 800.0E : WPM : $19.32 : $22.27: +15.3% : $19.53 : $21.10 : $21.38 : $20.86 : $22.10 : $23.94 : $26.12 : GDX- : $20.92 : $23.24 : +11.1% : $21.09 : $22.57 : $21.70 : $20.26 : $21.59 : $25.65 : $27.57 : Gdxj : $31.55 : $34.13 : + 8.18% : $30.22 : $32.84 : $31.44: $28.41 : $29.53 : $34.84 : $39.43 : SIL-- : $32.11 : $32.64 : +1.65% : $25.02 : $26.88 : $26.01 : $23.80 : $23.05 : $26.59 : $27.64 : /SLV: R2.053 : R2.042 : - 0.54% : r1.723 : R1.802 : R1.832 : R1.705 : R1.689 : R1.856 : R1.817 : SLV- : $15.64 : $15.98 : +2.08% : $14.52 : $14.92 : $14.20 : $13.96 : $13.65 : $14.32 : $15.21 : Silver: 16.580 : 17.150 : +3.44% : 15.540: 15.930 : 15.260 : 14.980 : 14.570 : 15.340 : 16.270 : PHM : $18.38 : $33.33 : +81.4% : $25.99 : $27.35 : $26.74 : $31.78 : $31.00 : $32.68 : $31.34 : EEM- : $35.01 : $47.30 : +35.1% : $39.06 : $42.76 : $42.49 : $44.22 : $40.71 : $43.23 : $40.55 : ShCm: 3103.7 : 3307.2 : +6.56% : 2494.0 : 2618.2 : 2994.0 : 3078.3 : 2898.7 : 3005.4 : 2821.5 : PhpSi: 6840.6 : 8558.4 : +25.1% : 7476.0 : 8121.9 : 7641.8 : 7968.0 : 7970.0 : 8064.9 : 7890.1 : XLF- : $23.25 : $27.19 : +16.9% : $23.82 : $26.05 : $26.69 : $28.07 : $26.01 : $28.08 : $27.76 : IWM- : 134.85 : 152.43 : +13.0% : 133.90 : 149.18 : 158.24 : 160.53 : 145.86 : 156.26 : 152.58 : F/iwm 17.24%: 17.84%: ===== : 17.79% : 17.46%: 16.87% : 17.49% : 17.83%: 17.97%: 18.19% : BTC-- : $948.5 : 13,100 : x13.8X : $3,770 : $3,435 : $3,818 : $5,712 : $8,350 : 10,250: 10,627: ===== : Fye'16 : Fye'17 : +-%chg : 12/31 : 02/01 : 03/01 : 05/03 : 05/31 : 07/03 : 08/02 : Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 BIG DROP (-3%) in SPX yesterday Took profits on (remaining) Shorts yesterday; Was I too early? SPX. ... update / Last: 2844.74 - 87,31, -2.98% VIX. ... update / Last: 24.59 +6.98, +39.64% Or will we get a decent bounce rally now? Looks like it is deeply oversold Link to comment Share on other sites More sharing options...
drbubb Posted August 6, 2019 Author Report Share Posted August 6, 2019 FTSE starting Rally? UKX, SPX, etc ... VIX Tza: DAX world: UKus 2 : / Last : Link to comment Share on other sites More sharing options...
drbubb Posted August 7, 2019 Author Report Share Posted August 7, 2019 USO/ US Oil etf looks to be a Leading Bellwether. On Tuesday, USO slid tuesday 2% to $11.14, & may slide to LO.Yr at $9.23. USO-etc ... ALL : from 2001 : Jan.2007 : 7/2012 : 1/2014 : fr. 2015 : 1/2016 : 10d / : 1/2016 : BTU / Peabody Coal ... fr. 1/2016 : $17.89 - 0.89% / $11.14 = r-00% -- Yield: 3.13%; PER: 4.22; EV/ebit: 0.00 HAL / Halliburton ... fr, 1/2016 : $19.95 - 1.77% / $11.14 = r-00% -- Yield: 3.61%; PER: 13.12; EV/ebit: 0.00 MUR / Murphy Oil ... fr. 1/2016 : $22.05 - 2.35% / $11.14 = r-00% -- Yield: 4.54%; PER: 13.59; EV/ebit: 0.00 SLB / Schlumberger ... fr, 1/2016 : $35.46 - 1.47% / $11.14 = r-00% -- Yield: 5.64%; PER: 23.64; EV/ebit: 0.00 OTH / Other Stock ... fr, 1/2016 : $00.00 - 0.00% / $00.00 = r-00% -- Yield: 0.00% == Link to comment Share on other sites More sharing options...
hector Posted August 7, 2019 Report Share Posted August 7, 2019 On a day like today, seems quite quiet. Even allowing for summer holiday. I think the trends will continue for at least another week. Also the breakdown in crude seems significant. It broke out of the pinch prematurely, and seems like something big on the geopolitical front is imminent... Link to comment Share on other sites More sharing options...
drbubb Posted August 8, 2019 Author Report Share Posted August 8, 2019 I used the slide after the Opening GAP down to buy some calls on Energy stocks USO/ US Oil etf : $10.84 - 0.30, -2.69% O: 10.81 / H: 10.89 L: 10.49. closed near Hi-Day Larry Pesavento thinks we are near at/near an important Low in NatGas > https://www.listennotes.com/podcasts/trade-what-you-see/trade-what-you-see-08-06-19-j2miW6wLFpa/ BOUGHT CALLS on: SLB, MUR, RRC … also, non-energy: FCX, FXI Sector Update: Energy Giants Decline Pre-Market Wednesday 09:25 AM EDT, 08/07/2019 (MT Newswires) -- Top Energy Stocks: XOM: -1.28% CVX: -1.11% COP: -1.81% SLB: -1.95% OXY: -1.22% Energy giants were declining pre-market Wednesday. West Texas Intermediate crude oil for September delivery was down $1.08 at $52.55 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude October contract lost $1.12 to $57.82 per barrel and September natural gas futures were flat at $2.11 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 2.60%, while the United States Natural Gas fund was 0.55% higher. Link to comment Share on other sites More sharing options...
drbubb Posted August 8, 2019 Author Report Share Posted August 8, 2019 SELLING DOWN my shares in GCM - but keeping the warrants (a lot!) Sold almost all shares since the recent breakout GCM.t / Gran Colombian Gold ... update / Last: C$5.42 == Link to comment Share on other sites More sharing options...
drbubb Posted August 8, 2019 Author Report Share Posted August 8, 2019 Recession Odds Pick Up as Economists Cut Growth Estimates...UBER reports largest-ever loss at $5.2 billion... x Link to comment Share on other sites More sharing options...
drbubb Posted August 9, 2019 Author Report Share Posted August 9, 2019 Is China Hoarding Food, Gold And Other Commodities In Anticipation Of A Global Collapse? Does China believe that we are on the verge of a major global crisis? The communist Chinese government has always been very big into planning, and it appears that they have decided that now is the time to hoard food, gold and other commodities... xx xx / 2 / Is This Stock Market Correction Forecasting Disaster? x Link to comment Share on other sites More sharing options...
drbubb Posted August 11, 2019 Author Report Share Posted August 11, 2019 "The first guy to ever die of Suicide in a NY jail" - very very suspcious "Every single system breaks down at the same time" Jeffrey Epstein’s Death is a Crisis! (Is the Law crumbling?) "People don't believe it... And why should they?" Link to comment Share on other sites More sharing options...
drbubb Posted August 11, 2019 Author Report Share Posted August 11, 2019 Oil stocks - I keep looking for the Low XOP / S&P Oil & Gas Exploration & Production ETF ... All-Data : 5yr / Last: $22.29 - 0.21, : 5yr / == Link to comment Share on other sites More sharing options...
jerpy Posted August 12, 2019 Report Share Posted August 12, 2019 Keep waiting for the Oil low myself, yo7 would think with all the ratcheting up with Iran it won’t be far away? Sold a couple of goldies last 48 hours to take profits in ROXG and Small batch of SSP I bought. Curious Dr B, don’t think you have commented on BTC lately or alternative currencies, what your current view? I’ve always kept well away but just interested on your view point if you have time. Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2019 Author Report Share Posted August 13, 2019 9 hours ago, jerpy said: Keep waiting for the Oil low myself, yo7 would think with all the ratcheting up with Iran it won’t be far away? Another Look at some Long term charts - seems like another drop of perhaps 1-3% is needed -- thinking the New Technologies may be driving this drop. Remember the Rothschild family announced 3-5 years ago they were exiting their Oil Investments XOM / Exxon Mobile ... all-data : 10yr : 5yr / Last: $69.63 -0.49%, Yield: 5.00%. PER: 16.8 (LoYr: $64.65, 7.7% Off) XLE / all-data : 10yr : 5yr / Last: $58.40 -1.18%, Yield: 3.65%. PER: N/A (LoYr: $53.36, 9.4% Off) XLE vs. USO : 4yr : fr. 8.12.2015 : / Ratio: $58.40 / $11.36 = 514% RATIO : == Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2019 Author Report Share Posted August 13, 2019 " Curious Dr B, don’t think you have commented on BTC lately or alternative currencies, what your current view? I’ve always kept well away but just interested on your view point if you have time. " - Jerpy I still have mine, and it has risen a lot from the low I think it could be threatened by innovations... like Libra Coin > FB's Libra Coin - A new type of "stable" currency basket Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2019 Author Report Share Posted August 13, 2019 GOLD Targets Why a $2,000 Gold Price is in the Cards Charles Nenner - New Gold Bull Market $2,500 at Least (#1) / 3 / Gold Price Being Manipulated, Should Be $2,900 – Keiser UNCENSORED (Part 2) With Yields Sinking Everywhere, Gold Just Hit New All-Time Highs…Read more at https://stockhouse.com/opinion/independent-reports/2019/08/12/with-yields-sinking-everywhere-gold-just-hit-new-all-time-highs#1m2BEVhQ9Ss47L8u.99 Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2019 Author Report Share Posted August 13, 2019 With Yields Sinking Everywhere, Gold Just Hit New All-Time Highs… “It is no longer absurd to think that the nominal yield on U.S. Treasury securities could go negative,” Joachim Fels, PIMCO’s global economic advisor, warned investors last week. “Whenever the world economy next goes into hibernation, U.S. Treasuries—which many investors view as the ultimate ‘safe haven’ apart from gold—may be no exception to the negative yield phenomenon.” Fels seems not to be the only investor with this idea, judging by the increased demand for gold. The price of the yellow metal had its best week in nearly two months as the total value of negative-yielding debt around the world touched a new record of $15 trillion. With the nominal yield on the 10-year Treasury having fallen below 2 percent—and just shy of 0 percent on an inflation-adjusted basis—gold surged above $1,500 an ounce in U.S. dollars (USD) for the first time since September 2013. It also hit historic all-time highs when priced in a number of other world currencies, including the British pound, Russian ruble and Indian rupee. Last week, the central bank of India, along with those in New Zealand and Thailand, surprised markets by cutting rates more than expected, adding to fears that an economic slowdown is imminent. On Wednesday, gold’s performance for 2019 caught up with and surpassed that of the stock market. image: https://stockhouse.com/getattachment/d9fc1211-b2c5-4b5e-85b0-d997c5946da6/F2.jpg Analysts at Goldman Sachs now say that $1,500 is only the beginning, and that we could see $1,600-an-ounce gold within the next six monthsRead more at https://stockhouse.com/opinion/independent-reports/2019/08/12/with-yields-sinking-everywhere-gold-just-hit-new-all-time-highs#1m2BEVhQ9Ss47L8u.99 Link to comment Share on other sites More sharing options...
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