Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
9.WE HAVE NO CHOICE BUT TO INVEST IN STOCKS AND HOUSING MARKET - Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
AI Tech Stock PORTFOLIO NAME OF THE GAME - 29th June 22
Rebounding Crude Oil Gets Far Away from the Bearish Side - 29th June 22
UK House Prices - Lets Get Jiggy With UK INTEREST RATES - 28th June 22
GOLD STOCKS ARE WORSE THAN GOLD - 28th June 22
This “Bizarre” Chart is Wrecking the Stock Market - 28th June 22
Recession Question Answered - 28th June 22
Technical Analysis: Why You Should Expect a Popularity Surge - 28th June 22
Have US Bonds Bottomed? - 27th June 22
Gold Junior Miners: A Bearish Push Is Coming to Move Them Lower - 27th June 22
Stock Market Watching Out - 27th June 22
The NEXT BIG EMPIRE WILL BE..... CANZUK - 25th June 22
Who (or What) Is Really in Charge of Bitcoin's Price Swings? - 25th June 22
Crude Oil Price Forecast - Trend Breaks Downward – Rejecting The $120 Level - 25th June 22
Everyone and their Grandma is Expecting a Big Stocks Bear Market Rally - 23rd June 22
The Fed’s Hawkish Bite Left Its Mark on the S&P 500 Stocks - 23rd June 22
No Dodging the Stock Market Bullet - 23rd June 22
How To Set Up A Business To Better Manage In The Free Market - 23rd June 22
Why Are Precious Metals Considered A Good Investment? Find Out Here - 23rd June 22
UK House Prices and the Inflation Mega-trend - 22nd June 22
Sportsbook Betting Reviews: How to Choose a Sportsbook- 22nd June 22
Looking to buy Cannabis Stocks? - 22nd June 22
UK House Prices Momentum Forecast - 21st June 22
The Fed is Incompetent - Beware the Dancing Market Puppet - 21st June 22
US Economy Headed for a Hard Landing - 21st June 22
How to Invest in EU - New Opportunities Uncovered - 21st June 22
How To Protect Your Assets During Inflation - 21st June 22
AI Tech Stocks Current State, Is AMAZON a Dying Tech Giant? - 20th June 22
Gold/Gold miners fundamental checkup - 20th June 22
Personal Finance Tips: How To Get Out Of A Tough Financial Situation - 20th June 22
UK House Prices Relative to GDP Growth - 19th June 22
Will Global Markets Be Pushed Deeper Into Crisis Event By The US Fed? - 19th June 22
Useful Things You Need To Know About Tweezer Top Candlestick Pattern - 19th June 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold And Silver Price Golden Cross

Commodities / Gold and Silver 2014 Jul 14, 2014 - 09:59 AM GMT

By: Submissions

Commodities

Clay Tom writes: Week before last I send you theis Daily 10year Chart on Gold showing and imminent Golden Cross of the 50EMA/200EMA.  I will narrow the time down and focus in on the past six months below the 10 year chart. Notice that the Macd are stabilized above Zero which means an Uptrend is in.


Gold six month Daily chart. The Red Ma`s are the Ema, Exponential Moving Average which will cross with a bit more upside effort.  The Green are the Simple Arithmetic Moving Averages,                 WHICH HAVE CROSSED UP this last week..  So either way, this supports the Articles by the contributors of Gold and Silver

Also, giving credit to stockcharts.com, John Murphy offers an indicator called SCTR which is the Relative Strength, in this case, of ETFs.  Note out of the top 10, five are Gold or Silver.  I will illustrate with a chart of GDXJ, Junior Miners,  with the SCTR displayed.  

ETF SCTRs

This is the Daily 6mos chart for GDXJ, Junior Gold Miners, with a rank of 99.7 with 100, SCTR,  Relative Strength being the maximum.  Notice the week of June 9th how the SCTR of GDXJ came from 5 to 99 and now 99.7.  JNUG is the ETF Direxcion x3 of GDXJ.  Notice on the lower inset is JNUG which has more than doubled since the First of June for those looking for more leverage and using 2x Margin,  Caveat.. one has to be absolutely correct to do this.

If GDXJ has an SCTR of 99.7 then JNUG would have an SCTR of 200 plus if it could be shown.  I did a ration of JNUG:GDXJ  which shows the better performance of JNUG compared to GDXJ with a 99.7 SCTR

Silver Daily six months  ..  Notice the Red 200 Ema has leveled off from a long down trend and the Red  50Ema is moving up sharply.  The Green Simple MA are also ready to Cross Up.


 
I hope this information is useful.

Clay Tom is a retired pharmacist and ex Asst. Vice President in Commodity Trading with Dean Witter back in the early 1970s.  He says the service which stockcharts.com offers is a blessing, compared to the days we had to do charting manually after market hours without the electronic Indicators we now have access to, and to share with KWN readers.

© 2014 Copyright  Clay Tom - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in