Canadian Dollar Attempting Bullish Breakout
CLICK ON CHART TO ENLARGE Since 2011, the Canadian Dollar has been hit hard, losing nearly a third of its value, while creating a series of lower highs and lower lows. After declining nearly 30% into the lows of 2016, the Canadian Dollar has been attempting to change...
read more
Lumber prices fall 45% this year, sending macro message?
CLICK ON CHART TO ENLARGE Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years. So far this year, Lumber and the DJ Home Construction index is diverging against the broad market....
read more
Doc Copper breaking out after large decline, says Joe Friday
CLICK ON CHART TO ENLARGE Doc Copper over the past few months has been hit hard, as sellers drove it down nearly 25%. This decline brought it to the price point (2), where four different support lines came into play, which looks like a support cluster. As the decline...
read more
King Dollar Created Multi-Year Topping Pattern?
The currency markets often play a role in asset management for investors. And one key asset that pays close attention to the US Dollar is Gold (and precious metals). Could a near-term trend change be in store for the US Dollar… and its counterpart, the Euro? Precious...
read more
Silver & Gold- Best buy point in 25-Years?
CLICK ON CHART TO ENLARGE This chart looks at the Silver/Gold Ratio over the past 30-years. Historically when the ratio is heading higher it sends a message to be long and strong Gold & Silver. When the ratio is heading lower, historically it's been a great time to...
read more
Gold Miners Attempting Multi-Year Breakout
CLICK ON CHART TO ENLARGE The Junior Miners/Senior Miners Ratio (GDXJ/GDX) can often signal when key turning points are about to take place for Gold & Silver Miners. Above looks at this ratio, which highlights that a multi-year narrowing pennant pattern has been...
read more
Gold Bugs Would Benefit Big-Time If This Indicator Peaks!
In addition to watching the price of a specific asset, it’s important to monitor other indicators as well. For precious metals and gold bugs, the U.S. Dollar Index and Dollar based ratios can be helpful. Today, we re-visit the ratio of the U.S. Dollar Index to Gold....
read more
China’s big decline providing a sweet entry point?
CLICK ON CHART TO ENLARGE While the S&P 500 and many indices in the states are trading near all-time highs, the same thing can't be said for stocks in China! Since the highs in February, the Shanghai Index (SSE) has declined nearly 25%. Could this large percentage...
read more
Silver creating a “Double Bottom” pattern?
CLICK ON CHART TO ENLARGE Could Silver be creating a long-term "Double Bottoming" pattern over the past 3-years? Let's investigate the possibility and what it would take for the potential bullish pattern to fail. Before we get started let me make this point clear; the...
read more
Dow & Yields testing multi-decade breakout levels
CLICK ON CHART TO ENLARGE This chart looks at the Dow Jones Industrials Average and the Yield on the 10-year note on a monthly basis for several decades. The top chart looks at the Dow since 1927 and the bottom chart looks at yields since 1994. The Dow has spent the...
read more