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$SLV vs $GLD Comparison Chart

July 12th, 2011 Comments(0) tagged and

Gold is less volatile. Because silver is such a thin market (?)

Click to enlarge

$$ US Dollar vs. Gold 3-Year Chart $GLD

March 02nd, 2011 Comments(0) tagged

Here’s a 3-year daily chart showing that even when the U.S. dollar went up temporarily, the gold kept creeping higher. It’s in a bull market, you see.

And check out the lines I drew. Price is in an uptrending channel, and has room to run.

I won’t be making any claims as to the extent of the up move in precious metals. Just watching the currency policies in the U.S. and reserve the right to change my opinion at any time.

In the chart: $USD US Dollar index, GLD gold ETF. Black line is GLD.
Click to enlarge

$GLD Gold ETF Daily Chart

August 25th, 2009 Comments(2) tagged , , , and

(GLD: 168.02 -0.28%), SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

  • Inverse head and shoulders (bullish pattern)
  • Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.

gld_aug25