EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
The economical effect however is that more than 20.000 politicians are obsolete, and more than 5 million govt officials are obsolete. Thus the reasonable, the simple, the computable will not happen.
in the Ezone yard some weeks ago.
This article was correct in predicting the metals' decline but not the move in Gold/Silver ratio.
As for why is gold rising, here is what we told our paid subscribers on Monday.
" Gold's sharp rebound largely reflects the weakness of the US jobs report, which is deemed a powerful confirmation for further asset purchases by the Federal Reserve. Such reflexive moves disregard the possibility that any quantitative easing from the Fed will be sterilized by sales on the shorter-maturity notes, regardless of whether MBS or US treasuries are purchased on the long end.
Thursday's Chicago PMI hit its lowest level since October 2009 at 52.7 in May, from last months 56.2. The index has fallen by 10 points in 2 months, pushing its New Orders sub-index to the lowest since September 2009. Looking at our charts, the common denominator in all graphs, is the lower highs formation, whereby each series attempts to regain its 2010/2011 highs but fails half way. "
For detailed look on the above , subscribers to the Intermarket Insights can have full access in Monday's piece.
http://ashraflaidi.com/products/sub01/access/?a=643
Non subscribers can click her to join:http://ashraflaidi.com/products/
Ashraf
Ashraf
Ashraf
It is with great interest that I read this post today and find it very topical as I am wondering if we are about to live another "Deja-vu" moment with gold & silver (on a crunched timeline hopefully?) and have the same situation that happened from December to March unfold in front of us?
I am sadly noticing that litterally straight after you published this post back in March both silver and gold tanked from a high to a low similar to the one at the end of 2011.
The Gold to silver ratio went from a low 48 back in March to the high 57 at the moment (very similar to the high back in December 2011).
I would love to get your opinion on what has happened in the last few days, where we finally have seen the price of gold going up, breaking above both the 20 & 50eMA, but currently falling short of breaking through the down trendline from Sep 2011 (sorry cannot attach a picture/chart and no silver option in the above chart! for the other readers).
With the global competitive devaluation and potential QE3, it is what some have refered to as a "race to the bottom" that I also believe will ultimately benefit gold and silver, I cannot but notice how silver is currently lagging behind gold... Opportunity? Would love to hear your thoughts (in French or English!)
الهدف للذهب على المدى البعيد اخي اشرف ...ممكن
900او كم
عبدالله
البكري
جده