by Chris Kimble | Feb 13, 2024 | Kimble Charting
Gold prices remain elevated but have yet to record the major breakout that gold bulls are looking for. Today, we revisit an important Gold ratio that we have been following for months: the Gold to U.S. Dollar ratio. And above, you can see why. The long-term “monthly”...
by Chris Kimble | Dec 27, 2023 | Kimble Charting
Precious Metals have been strong this month and have metal heads excited for next year. One gauge that I use to highlight the strength of Gold is the ratio of the price of an ounce of Gold to the US Dollar Index. And today’s chart shows why we could be at a critical...
by Chris Kimble | Dec 6, 2023 | Kimble Charting
Precious metals prices have been creeping higher with Gold trading over $2000/oz. A weaker US Dollar has provided a nice tailwind and Gold bugs celebrated a new monthly closing high last week… So, is it time for Gold to finally break out to new all-time highs? Well,...
by Chris Kimble | Oct 20, 2023 | Kimble Charting
The price of Gold has traded sideways for the past three years. Feels boring (and the pullbacks painful) for bulls. But all this boring action could be coming to an end… with a bang! Today’s long-term “quarterly” line chart highlights a potentially bullish pattern....
by Chris Kimble | Oct 18, 2023 | Kimble Charting
Gold prices have bounced around during a volatile multi-month pullback. Each rally has been met with more selling. Could that be changing soon? Today’s “daily” chart of the Gold Futures shows price breaking above its 5-month down-trend line at (1). This is good news...
by Chris Kimble | Jun 9, 2023 | Kimble Charting
When the U.S. Dollar is strong, it is a headwind for precious metals. And when the U.S. Dollar is weak, it is a tailwind for precious metals. Today we check in on this relationship by looking at a “weekly” chart of the U.S. Dollar versus the Gold Miners ETF (GDX) and...
by Chris Kimble | May 24, 2023 | Kimble Charting
There’s so much uncertainty today that I think the markets are uncertain about being uncertain. I know Gold is sure trading like it. With so much uncertainty in the world today, it’s not surprising that Gold prices remain elevated. But each time it looks like a...
by Chris Kimble | May 15, 2023 | Kimble Charting
The world is full of economic concerns. Inflation, economic slowdown, global trade, and international war. So what’s next? Today’s chart might just might share a glimpse into the future. Below is a “weekly” chart of the Copper to Gold price ratio. Typically, when this...
