PM Trend
KUCH
Posts: 1,186
Question for those professionals who read charts:
What is the tren for gold/silver?
What is the trend of the dollar?
What is the tren for gold/silver?
What is the trend of the dollar?
0
Comments
Here is a GLD chart with those two lines:
http://finance.yahoo.com/q/ta?s=GLD&t=2y&l=on&z=m&q=b&p=m50,m200&a=f14,vm&c=
link
Above the line means the trend is up, below means the trend is down. Simple and easy, though by no means a guarantee of profit or loss. At the line, means the trend is mixed. Frequent crossovers often mean the market is undecided. A wide gap above or below the moving average line means it is extended. Also popular are the 30 day and 10 day moving averages. Some use an even shorter time span.
Substitute SLV for silver, or UUP for the dollar index.
There are many more indicators that some folks use. Some are fancy and incredibly complex, many are proprietary. A step up in complexity might be an indicator such as MACD (moving average convergence divergence), which looks for the crossover of two moving averages. As always, no indicator is 100%. Anything that shows promise that gets publicized, will often stop working because too many people are using it.
My indicators come from the news, not the charts. Here's an example.
I continue to see a strong long term outlook for metals and a weak long term outlook for the dollar, regardless of recent moves for both. Interest rates are at the top of the list on all things metal and paper. Interest rates are the biggest ticking bomb in the derivative vault of every major bank. We have all by now witnessed first hand a major banking crisis and the insane events that must take place to save those banks. And yes, they must be saved because we have allowed our entire economic world to revolve around them.
Gold upticks are heavily dependent on dollar index downticks. The dollar index is heavily dependent on strength/weakness of the euro and the yen. Actual dollar strength is heavily dependent on its reserve currency status. Threats to euro and yen strength are postive for the dollar index and negative for PMs. Threats to dollar reserve currency status are positive for PMs.
And no, I'm not a professional, just a diligent player who attempts to do his homework in effort to protect my savings.
Repetition of ignorance is ignorance raised to the power two.
$SI_F $GC_F Most bearish sign for $GLD and $SLV is fact that they cant even keep up with recent rises in gas,or groceries.
Stack "pop tarts"
<< <i>MJR þ@panamaorange 6 Aug
$SI_F $GC_F Most bearish sign for $GLD and $SLV is fact that they cant even keep up with recent rises in gas,or groceries.
Stack "pop tarts" >>
Or stack real PMs instead of paper promises like GLD and SLV.
Repetition of ignorance is ignorance raised to the power two.
<< <i>
<< <i>MJR þ@panamaorange 6 Aug
$SI_F $GC_F Most bearish sign for $GLD and $SLV is fact that they cant even keep up with recent rises in gas,or groceries.
Stack "pop tarts" >>
Or stack real PMs instead of paper promises like GLD and SLV. >>
so are you saying real PMs prices go up when paper priced promises go down?
or what exactly are you saying? thanks...
i do know some guys who bought phyzz at 1600-1850+ gold and alot of 30+ silver,
they said it was real PM's and they had them in their hands, and they had been buying to protect themselves
& keep up with rising prices in other consumable items...
so i really like to tell them they can still liquidate at those prices or higher and where...
<< <i>
<< <i>
<< <i>MJR þ@panamaorange 6 Aug
$SI_F $GC_F Most bearish sign for $GLD and $SLV is fact that they cant even keep up with recent rises in gas,or groceries.
Stack "pop tarts" >>
Or stack real PMs instead of paper promises like GLD and SLV. >>
so are you saying real PMs prices go up when paper priced promises go down?
or what exactly are you saying? thanks... >>
What I'm saying is that when the music stops, the holders of real PMs are guaranteed a chair. Those who are seated will be greatly rewarded. Check the shelf life on your pop tarts.
Repetition of ignorance is ignorance raised to the power two.
<< <i>Charts are historical, not predictive, although many use them as such. Cheers, RickO >>
Exactly. You can't drive forward looking through your rear view mirror the entire time. Charts are based on inductive reasoning, and thus, it only takes one counterexample to prove a chart/"trend" useless. However, for educational sake, if you want to learn about charts... a good one to start with is the moving average that other fine members of the board have suggested.
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<< <i> Check the shelf life on your pop tarts. >>
im almost positive the pop tart reference was tongue in cheek...
<< <i>
<< <i> Check the shelf life on your pop tarts. >>
im almost positive the pop tart reference was tongue in cheek... >>
so was the shelf life comment.
Repetition of ignorance is ignorance raised to the power two.
not take into consideration
current social, political, and
economic conditions !!!
<< <i>Charts are historical, but does
not take into consideration
current social, political, and
economic conditions !!!
charts are like that because the prices were already affected by S,P & EC...
Knowledge is the enemy of fear
<< <i>The opinions given in this thread illustrate exactly why charts do work >>
Could you please chart how you came to that remarkable conclusion?
Repetition of ignorance is ignorance raised to the power two.