1. Metals try to capitalize in market weakness with dollar weakness ie choppy
    Dismiss Notice
  2. Good Thur Morning! Gold is down 1.3 to 1248. Silver is flat at 1757. Crude +16 to 4820. The USD is up 17 to 9964.
    Dismiss Notice
  3. Week of 3/18/2017 Closing prices & Chg Over Last Wk---- Gold $1230.20-- UP 28.8 Silver $17.41-- UP 49 Oil $49.31-- UP 82 TICS USD $100.11 -- DOWN 100 tics Based on near term futures contract--- At JMB Current price AGE 2017 $1299.09 (1), SAE $20.54 (20)

Au XAU P & F Relative Strength chart

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Au-myn, Apr 9, 2016.



  1. Au-myn

    Au-myn Founder Founding Member

    Joined:
    Jul 2, 2010
    Messages:
    523
    Likes Received:
    543
    Trophy Points:
    93
    Gender:
    Male
    Occupation:
    Professional Tape Trader
    Location:
    California
    Hello GIM friends, Below is a Au-XAU P & F Relative Strength chart- 3.5 x 3 scaling factor 10. PM stocks are moving higher as the chart declines. Note the two sell signals
    (black arrows) at 189 and 171.50 both of which occurred under its bullish support line,
    turning the chart bearish. Currently, we see the chart riding its bearish support line (broken lines). I also drew in a longer term bearish support line.

    Au XAU sf10 2.jpg
     
    Last edited: Apr 9, 2016
    dpong likes this.
  2. dpong

    dpong Gold Member Gold Chaser

    Joined:
    Jan 11, 2012
    Messages:
    1,950
    Likes Received:
    1,607
    Trophy Points:
    113
    I like it Au-myn! The miners are leading the way to what appears to be a new developing gold bull market after 5 years of slaughter in the miners.

    sc-109.png

    sc-110.png
     
    Au-myn likes this.
  3. Au-myn

    Au-myn Founder Founding Member

    Joined:
    Jul 2, 2010
    Messages:
    523
    Likes Received:
    543
    Trophy Points:
    93
    Gender:
    Male
    Occupation:
    Professional Tape Trader
    Location:
    California
    YUP, dpong. I have built up my PM holdings over this last year and they are all up well!
    Just the beginning...
     
  4. dpong

    dpong Gold Member Gold Chaser

    Joined:
    Jan 11, 2012
    Messages:
    1,950
    Likes Received:
    1,607
    Trophy Points:
    113
    Me too, from February, but not yet in as deep as I need to be. Pullbacks welcomed. BTFD.
     
  5. Au-myn

    Au-myn Founder Founding Member

    Joined:
    Jul 2, 2010
    Messages:
    523
    Likes Received:
    543
    Trophy Points:
    93
    Gender:
    Male
    Occupation:
    Professional Tape Trader
    Location:
    California
    Au XAU 3.png Hello friends,

    This updated Au : XAU Relative Strength P & F chart shows the "waterfall effect" as I call it on the last three sell signals as the PM stocks begin the first leg up.
    Some PM stocks have already made outstanding gains and we have a long way to go. That's nice.:thumbs up 2: Au XAU 3.png
     
    d-lod and dpong like this.

Share This Page