by Chris Kimble | Mar 19, 2020 | Kimble Charting
Gold miners ETF (GDX) failed to break above resistance on its 4th try a few weeks ago at (1), and then it was met by a large degree of selling pressure. After hitting this resistance, sellers stepped in and drove it down nearly 50% in just a few weeks. The decline...
by Chris Kimble | Mar 5, 2020 | Kimble Charting
US Dollar Index versus Euro Currency Performance Chart The forex market is the largest in the world. So it goes without saying that what happens in the currency market has a big effect on asset prices. One asset class that plays off the currency market is commodities....
by Chris Kimble | Mar 4, 2020 | Kimble Charting
I like to look at price spreads, particularly spreads between related assets. When they become too wide, they point to a strong potential for mean reversion (and an opportunity for investors). Today, we look at the spread between the Gold/Silver Miners Index (XAU) and...
by Chris Kimble | Feb 24, 2020 | Kimble Charting
Gold / Silver Miners Index (XAU) Chart (Oldest Mining Index, which combines Gold & Silver Mining Stocks) The rally in precious metals has been impressive. Gold is up over 9 percent in 2020 and over 35 percent in the past 18 months. Silver is up nearly 4 percent in...
by Chris Kimble | Feb 20, 2020 | Kimble Charting
Is King$ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart! The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a...
by Chris Kimble | Feb 19, 2020 | Kimble Charting
Gold created a series of lower highs and lower lows for nearly a decade (Early 1990’s to early 2000’s). This price action created a 10-year falling channel. Once Gold broke above this falling channel at (1), it experienced a strong rally for years to come....
by Chris Kimble | Feb 13, 2020 | Kimble Charting
Currencies play an important role with precious metals. Gold and Silver either have the tailwind of a weak US Dollar or the headwind of a strong Dollar. Today’s chart looks at another key currency that often moves in different directions than the US Dollar, and thus...
by Chris Kimble | Jan 10, 2020 | Kimble Charting
Gold bulls are feeling pretty good right now. Precious metals have been rising, the Dollar has been soft of late, and geopolitical tensions are causing investor concern. But as I type this, the price of gold is facing an important intermediate-term juncture. In...
