by Chris Kimble | Sep 17, 2020 | Kimble Charting
90-days ago this cup & handle pattern was discussed on See It Market when Gold was trading at 1717. Fast-forward to today and Gold is up 15 percent. So it’s time for an update! As we pointed out 90-days ago, the initial price magnet for the rally was the 261.8...
by Chris Kimble | Aug 24, 2020 | Kimble Charting
Precious metals have been a red-hot investment in 2020. Gold briefly broke $2000 this month, while Silver touched up near $30. But it’s been the rally in Silver prices that has been eye-popping. And perhaps a big reason for the extra momentum we saw this summer in...
by Chris Kimble | Aug 12, 2020 | Kimble Charting
Over a decade ago, Gold rallied past its 1980 highs and over $1000/oz at (1) on today’s chart. That rise to new highs was met with a 30 percent correction at (2), followed by a blast off rally to new highs. Is gold setting up for a repeat of its past? Gold recently...
by Chris Kimble | Jul 31, 2020 | Kimble Charting
Is Gold forming another long-term bullish cupping pattern? Sure could be! Is the long-term pattern complete? If history is a guide, it would suggest not yet. When gold attempted to break above its 1980 highs, it first needed to form a “handle.” It did so...
by Chris Kimble | Jul 28, 2020 | Kimble Charting
When sentiment reaches extremes, markets are often near important long-term inflection points. Is the current extreme in Gold sentiment suggesting that an important inflection point is in play? This chart looks at Gold on a monthly basis over the past 40-years, with...
by Chris Kimble | Jul 22, 2020 | Kimble Charting
Is Gold about to hurdle above 2011 monthly closing highs and send a long-awaited bullish message? It is attempting to do so at this time! This chart looks at Gold on a monthly closing basis. The 2011 monthly closing highs took place at (1). Gold looks to be forming a...
by Chris Kimble | Jul 21, 2020 | Kimble Charting
Precious metals continue to out-perform in 2020 as uncertainty rules the day. Gold took the lead early and rallied sharply… and now Silver is following suit. When Silver joins the party, it tends to add “beta” to the rally, similar to the way the stock market likes...
by Chris Kimble | Jul 20, 2020 | Kimble Charting
This chart looks at the US Dollar/Gold Ratio on a monthly basis over the past 25-years. Since the 2001 highs, the ratio has created a series of lower highs, reflecting that the US Dollar is losing ground to Gold. A lower high in the ratio took place back in 2015,...
