At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not;
1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.
The Gold / Silver Ratio
1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.
The Gold / Silver Ratio
Nota
Here is the old post;
Have been short gold for the past $180. Worked out well!
Nota
Here is the Gold / Silver Ratio WeeklyDagangan ditutup secara manual
FLAT - for now; $0.0 (Scratch)Going nowhere fast, here. We'll be back at it.
Dagangan aktif
SHORTShort for now. But...
Dagangan ditutup: sasaran tercapai
FLAT; +$31.00Nota
This is indicating indecision here! (The G.S. shows Up, everything else calls for a dump!)
We'll wait for the weekly open and at the first sign of weakness, will Short this something fierce!
Incidentally, The SMI sentiment in the PMIs indicates a top in the equities, E.g. a bottom in the U$D. Which will make this a Short for quite some time to come!
Dagangan aktif
SHORTDagangan ditutup secara manual
FLAT; -$3.00Dagangan ditutup: sasaran tercapai
FLAT - for now; +$24Nota
The only reason we closed out the Gold Shorts, here, is because of a large Short position in silver, being the primary PM trade. See thi post;
Otherwise, stay SHORT! - in no small part because of this;
Dagangan aktif
SHORTDagangan ditutup secara manual
FLAT; -4.00Dagangan aktif
LONGNota
Pesanan dibatalkan
See Current Post;
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.