Gold

Howdy folks,

Not strictly gold, although I will try to post the state-of-play (time-frames) this evening; for now let me hand over some links which might be of some use to Gold / Mining patrons:


Here's a HUI (Gold Bugs) Monthly technical View:



My personal observation is that we're very much part of the new-new-new 'normal', and indicators (though pre-mature) point towards an upturn. Now remember, this is the monthly chart, so it is a slow burner.

The blue line running across the candle-stick patterns is the average price of gold during the months that pass.

Also, a couple of excellent illustrations on Gold and Miners, courtesy of ZeroHedge:

1. Which Gold Miners hold the most Supply (you'd have to zoom into it to read it!)



2. Gold Miners, Production versus Undeveloped mines:



Source, and analysis here :


Good luck people!

Further to my previous post, I've decided to put some charts up with varying time frames on GOLD and the Gold-Bug Miners Index (HUI)....

On GOLD, nothing out of the ordinary:

HOURLY:



DAILY:



WEEKLY:



MONTHLY:




[strike]

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The Gold-Bug-Index:

DAILY:



WEEKLY:



MONTHLY:




[strike]

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Finally, and just for fun, a little observation from the last 6 months (on Gold)...



19 of the past 26 Fridays (73% of Fridays within the past 6 months) were positive days for gold - this can be attributed to short-covering of course.

More remarkably however, is that 11 (in fact, arguably all 12 depending on data providers and time zones!) of the last 12 Fridays have all ended with an up day in gold.

" A minor but curious detail" as Dr Elder might say

A good "Fish 'n' Chip" trade the way I see it

Right, that's it for me. I'll be posting less for the next few weeks due to work and academic commitments, but will be around and will continue to post UBS and other reports when possible!

Have a great weekend all.

Libero, my hourly chart looks like this....


dl.dropboxusercontent.com/u/7238706/Spot...d%20%28hourly%29.png

...long to 1260, down to 1220ish, then up to 1280ish.

It's all a bit 'ishy' really, but I'm sure you get the idea

Not strictly TA (there is some), but this is Yardini's take on GOLD.

Hi All,

seeing there's been some interest in gold on chat, here are my thoughts, short term expecting gold to pullback (b) into 1314 - *1270* zone for a medium term bounce (c) in a Primary B wave.


dl.dropboxusercontent.com/u/40497882/Spo...%20%2007%20March.png



all imho, dyor

WS

dl.dropboxusercontent.com/u/7238706/Spot%20Gold%20%28-%29.png
This is the same chart as posted last Jan 24th and I see no reason to alter it. The resistance at 1348.6 is holding well and, provided 'Vlad the Bad' learns some manners, a move South shouldn't be far off.