LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

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

Price Extremes, The Trapped Fed and Scapegoats
By: Gary Christenson, The Deviant Investor

SWOT Analysis: Barrick Raises Its Dividend 40 Percent
By: Frank Holmes, US Funds

Widening Bid-Ask Spreads
By: Keith Weiner, Monetary Metals

Positive Action in the Gold Complex
By: Rambus

Precious Metals Update Video: Gold has had the highest close in years
By: Ira Epstein

Asian Metals Market Update: Feb-19-2020
By: Chintan Karnani, Insignia Consultants

Gold on the Verge of a Breakout (video update)
By: Gary Savage

Technical Scoop: Tireless melt-up, COVID-19 immunity, same themes, inconsequential debt, Greek yields, foreboding spread
By: David Chapman

Baltic Dry, Copper, Oil, Tech and China Continue to Call for Market Crash Soon...
By: Clive Maund

Gold Is Getting Ready For Its Next Breakout
By: Avi Gilburt

 
Search

GoldSeek Web

 
Some Positive Gold Market Charts


 -- Published: Wednesday, 15 January 2020 | Print  | Disqus 

 - Peter Degraaf

A good place to start is at the seasonal tendencies for gold.  There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. 

chart one (2).jpg (628394)

This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold products, such as mining stocks.  The Christmas rally usually lasts into February before producing a seasonal top.

chart two (2).jpg (523569)

All other charts in this essay are courtesy Stockcharts.com. 

Featured is the daily bar chart for gold.  Price is rising inside the blue channel.  The supporting indicators are positive.  The horizontal green arrow points to a level of previous resistance that appears to be ready to offer support.  A close above the blue arrow will confirm that a new uptrend is getting underway.

Featured is a chart that compares gold mining stocks (GDX), to gold bullion  (GLD).  In a gold bull market, we expect GDX to outperform GLD (as now).  Quite often, when price touches the rising 200DMA (red line), while the CCI   (Commodity Channel Index), drops to -100, (bottom of chart), we are presented with a buying opportunity see the blue arrows.  Our subscribers benefit from this type of in-depth analysis.  Notice also that the moving averages are in positive alignment, and rising!

chart four (1).jpg (518564)

Featured is a chart that compares the mining stocks of the HUI index to the S&P500 index.  While investors have been mesmerized by the constant rising of the S&P and DOW, it turns out that mining stocks have done even better, as can be seen clearly by the action inside the blue channel.  The supporting indicators at top and bottom are positive, along with the rising 200 day moving average (solid blue line).  The vertical green arrow hints at the start of another rally.  Got Gold?

Featured is SIL the silver producers ETF.  Price has been advancing since breaking out in June, above the moving averages.  The green arrow points to a 'bull cross'.  A close above the blue arrow will indicate that a new rally is about to get underway.  Silver and silver producers are expected to benefit from a California law that mandates all new homes and any renovated homes,  must have solar panels incorporated into the roof, as of Jan 1st this year.  It is expected that other states will follow along.  Solar panels will require a lot of silver, and because used solar panels are not easily recycled, most of them will end up in landfill in years to come including the silver that was used in the manufacturing process.  

chart six (1).jpg (515565)

Featured is the US dollar index.  Price is declining inside the brown channel.  The supporting indicators are negative.  The brown arrow points to a 'bear cross'.  A close below the blue arrow will send price looking for support at the bottom of the channel.  A declining dollar will be of benefit to gold and silver. 

 

DISCLAIMER:  Peter Degraaf is NOT responsible for your trading decisions.  Peter Degraaf is an investor with more than 50 years experience.  Google him, or visit www.pdegraaf.com

 

 


| Digg This Article
 -- Published: Wednesday, 15 January 2020 | 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.