Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

Does The CoT Structure Prohibit A Rally?
By: Craig Hemke

Harry Dent’s Gold Prediction Invalidated
By: Przemyslaw Radomski, CFA

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
By: GoldCore

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Cliff Notes


 -- Published: Thursday, 5 November 2015 | Print  | Disqus 

- A few quick thoughts from around the markets

For tactical traders, the fractal comparative we've followed between the Nikkei and yen (09') appears to be nearing another downside pivot. 

Figure 1

From a longer-term perspective, although we are looking for the negative correlation between the Nikkei and yen to continue to thaw as it did from the previous extreme in Q2 2009, over the short-term, they could continue to mirror performance moves (Figure 3) - while also gradually trending higher. 

Our basic read is that the yen will take another step higher in the near term, with greater upside risk should equities loose previous support from early fall. That said, we believe Japanese markets are on another reflationary path. 

Figure 2

Figure 3

Figure 4

Figure 5

Figure 6

Figure 7

Along with the yen's retracement over the past few weeks, gold has given back all of its gains for October. Should the yen breakdown again from previous support it currently resides on, we would expect new lows for gold to follow. All things considered, we like the yen's prospects here and expect gold to also firm. 

 
Moreover, one of the best proxies that we've found for reflationary moves - the silver:gold ratio, is beginning to display a rare long-term momentum reversal. We often use TRIX as a simple visual momentum signature in our comparatives, because of its great ability to smooth out the noise and frame the bigger picture - as well as its capability as a forward indicator. 

As we've mentioned over the years in previous notes, the silver gold ratio has also been an excellent leading indicator in the past for the broader health of the precious metals sector and inflation expectations, as silver acts as the higher beta asset more susceptible to risk aversion in disinflationary market environments, or conversely - exhibits greater returns in reflationary conditions. Although expectations of inflation have been clearly misplaced over the years, the signal line crossover now taking place in the ratio bodes well for the broader precious metals sector heading into 2016, as well as other assets closely tied to rising inflation expectations such as oil.  

Figure 8

Figure 9

Figure 10

Figure 11

http://www.marketanthropology.com/


| Digg This Article
 -- Published: Thursday, 5 November 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.