Today's Au & Ag charts

mariner67 · December 15, 2016 6:08AM

Ka Boom!

TwoSides2aCoin · December 15, 2016 6:32AM

bonkrood · December 23, 2016 7:35PM

BUMP

tychojoe · December 25, 2016 10:41PM

On June 16 in this thread,

@Mesquite said:
Gold up, silver up, dollar up. This has been the pattern for the last few days now I believe.

These days and weeks, Gold down, Silver down, Dollar up. This has been the pattern since Nov. 9.

I can understand gold and silver being down since November as caused partly by the dollar being up. Stronger, that is, compared to other currencies, so fewer dollars are needed to buy the same oz. of gold. Is that correct?

But then why would gold and silver be up in June when the dollar is up, but would be down in November/December when the dollar is still up? As one reason, is there perhaps less demand now than in June? Or, a flood of supply compared to June?

Is it just context? Reasons unique to the different situations in those two times?

[much reduced version of the earlier rambling, unruly personal essay that I posted]

tychojoe · December 26, 2016 7:23AM

Dang. A self-imposed character-count limit would have helped the above post. Next time. Or maybe I can edit it down later

RedneckHB · December 26, 2016 7:47AM

As is the case with most who do not know, as you mentioned of yourself in the second paragraph, you use limited knowledge to extrapolate larger definition.

In other words, you see things that do not exist.

And before you jump and say, "yes I do see it", as so many on this board do, have introspective into your own knowledge and experience regarding intermarket relationships, time scaling, and perspective, while removing societal, political, and time biases.

When you can do this, it truly does become obvious.

tychojoe · December 26, 2016 8:50AM

Well, thanks for your reply. It won't surprise you that I didn't understand what you said about intermarket relationships, time scaling, etc in this context.

But I do get the part about wrongly extrapolating from limited knowledge, thus seeing things "that [actually] don't exist".

And that's why I put it out here, for fact correction, or to learn how a particular model might view how these 3 indexes each reveal the markets responses to people's economic actions. To see correctly after testing the lenses.

So both eyes are still open. I'm willing to do my own homework, but sometimes there's someone who understands something well enough that they can explain it simply, giving a lay of the land and a sense of context, and that helps a new learner. So your response IS appreciated.

Anyway, I came back to edit it down and keep it simpler . I had fun writing it, but not all of that was necessary to post to get to my questions.

RedneckHB · December 26, 2016 8:57AM

Don't feel bad, no one understands what I write. Lol

What you think you are seeing is the same as being in a snowstorm and assuming it's a bad winter.

derryb · January 1, 2017 7:38AM

The million dollar question: Why did JP Morgan buy 31 tons of physical gold on the COMEX market in 2016?

Not unusual for JPM to trade massive gold futures contracts, but why are they now interested in such a massive quantity of physical metal? And how much did they aquire on the London market where reporting requirements are non existent? Do they know something that we don't? You betcha!

RedneckHB · January 1, 2017 9:27AM

Do they know something that we don't? You betcha!

Well, considering we don't known crap, this isn't saying much, other then it's fun to speculate on fears.

How do we know JPM bought for their own coffers, and not on behalf of others?

How much did JPM sell?

Anything wrong with diversifying asset holdings?

Or we can act like paranoid sheep and think they are out to get us.

Looks like 2017 is going to bring more of the same paranoia and disillusionment. Happy new year everyone.

derryb · January 1, 2017 9:47AM

We know they bought physical (massive amounts) and not their usual paper contracts. If taking note is paranoia then pass the tin foil. lol.

Looks like 2017 is going to bring out the same stale rebuttal. Let's see if the troll shows up. Happy New Year.

derryb · January 4, 2017 11:30AM

Interesting chart:

Note the performance of gold in the first half of the calendar year vs. the second half of the calendar year for the past three years. Also note that until the end of 2016 there were lower lows and lower highs. A lower low did not appear at the end of 2016.

RedneckHB · January 4, 2017 12:06PM

Typical pattern, for example, IBM for the 3 years from 2013 thru 2015 peaked in late spring/summer and bottomed in February. It also did not make a lower low at end of last year.

derryb · January 7, 2017 11:31AM

Historical returns for a number of currencies. Note that each year's change is from the previous year while the total return is since 2002.

RedneckHB · January 7, 2017 10:19PM

We already know gold us up 4 fold since 2002, so why do we cry foul?

Or the nasdaq 100 is up 6 fold since 2002, so we lament choosing the wrong asset class?

derryb · January 7, 2017 10:46PM

Now it's an asset class and no longer a barbaric relic? You're making progress.

RedneckHB · January 8, 2017 6:00AM

I have always referred to PMs as an asset class and never as a barbaric relic. I challenge you or anyone to prove this incorrect.

One of these days you will actually post something factual. I know you do it. I have faith in you. If you would just start to believe in yourself. I know you're scared, but it's ok...you CAN do this!!!

derryb · January 11, 2017 8:26AM

OK, I'll play your silly game. What is not factual in the chart posted? Or in the one before it?

When you gonna ever contribute to a topic instead of attacking those that do?

RedneckHB · January 12, 2017 5:58AM

Everyone feels so "attacked". What a bunch of wimps we have become. No wonder our politics are so FUBAR.

You make a false claim and I'm gonna call you out. Pretty simple, this game.

Your chart is fine in that it exposes the limitations and false promise of PMs. Let's look at gold performance vs the Japanese yen---the country with the highest debt to GDP ratio, a ratio that the PM bulls hold to highest reverence. Terrible performance of gold vs yen. Kinda blows that "fundamental" out of the water. The creators of the chart cant even compute the return in 2002 or 2003. Terrible presentation. I would expect more in a PM forum. Perhaps I expect too much.

And I've contributed more than enough over the last decade. If you haven't learned by now, you wont.

derryb · January 12, 2017 7:18AM

@cohodk said:
Everyone feels so "attacked". What a bunch of wimps we have become. No wonder our politics are so FUBAR.

You make a false claim and I'm gonna call you out. Pretty simple, this game.

Your chart is fine in that it exposes the limitations and false promise of PMs. Let's look at gold performance vs the Japanese yen---the country with the highest debt to GDP ratio, a ratio that the PM bulls hold to highest reverence. Terrible performance of gold vs yen. Kinda blows that "fundamental" out of the water. The creators of the chart cant even compute the return in 2002 or 2003. Terrible presentation. I would expect more in a PM forum. Perhaps I expect too much.

And I've contributed more than enough over the last decade. If you haven't learned by now, you wont.

The facts. . . they is what they is. Your post is typical and complete confirmation.

RedneckHB · January 12, 2017 5:38PM

Yup....I expect to much.

derryb · January 13, 2017 4:58PM

Lower your expectations of others and raise those for yourself.

CaptHenway · January 23, 2017 2:23PM

I see that the U.S. Dollar Index is dropping close to 100. I believe that we will see it drop well below 100, and that precious metals will gain from the drop.
My opinion only. Your mileage may vary.
TD

CaptHenway · January 31, 2017 8:09AM

Below 100, down almost a point today.

bonkrood · February 16, 2017 7:36PM

Bump

derryb · February 17, 2017 8:18PM

Here's an interesting gold chart. Kinda makes you go "h'mm."

bonkrood · March 8, 2017 12:07PM

Bump

RedneckHB · March 8, 2017 3:28PM

@derryb said:

I'd rather bring> @derryb said:

Here's an interesting gold chart. Kinda makes you go "h'mm."

Seems trend is already declining. And best time to stack is when CB are selling.

Hmmmm...indeed.

Mesquite · March 27, 2017 5:24AM

ttt

bonkrood · April 5, 2017 6:26PM

Bump

derryb · April 16, 2017 4:31PM

jmski52 · April 16, 2017 5:40PM

Rather than using the peak gold prices, I'd consider a regression line representing the midpoint between the highs & lows to be more relevant. The slope of the regression line is still about the same, but the implication is that the trendline has broken out already. Even so, we've seen this movie before. Better to manage your assets over time than to try and time your trades. Is it time to buy? Sure, if your finances are already in order.

bonkrood · April 29, 2017 7:01PM

bump

ShadyDave · May 3, 2017 1:09PM

Silver down about 14% in the last 14 days...feels like a roller coaster.

VanHalen · May 3, 2017 1:19PM

@ShadyDave said:
Silver down about 14% in the last 14 days...feels like a roller coaster.

The roller coaster is heading down..............

dm679864 · May 3, 2017 2:53PM

Still dropping! Anyone want to throw out a prediction around where it will settle out?

RedneckHB · May 4, 2017 6:55AM

@dm679864 said:
Still dropping! Anyone want to throw out a prediction around where it will settle out?

You can always ask "them". I do.

Or...it's easy to see if you know where to look.

Night Hawk · May 22, 2017 7:34AM

Nice little BUMP back to $17

bonkrood · June 6, 2017 6:21PM

Bump

SurfinxHI · June 20, 2017 10:57PM

Bump

hickoryridge · June 26, 2017 5:30PM

t

gsa1fan · June 27, 2017 6:02PM

TTT Baby! BFT!!!

PerryHall · June 27, 2017 6:06PM

Welcome back.

RedneckHB · June 28, 2017 2:04AM

Welcome back gsa1fan

bonkrood · July 1, 2017 10:01AM

mariner67 · July 7, 2017 11:23AM

TTT

CaptHenway · July 11, 2017 11:16AM

I am surprised that the current turmoil in the U.S. Government is not driving the dollar down and gold up.

derryb · July 11, 2017 11:26AM

@CaptHenway said:
I am surprised that the current turmoil in the U.S. Government is not driving the dollar down and gold up.

Fake turmoil?

PerryHall · July 11, 2017 12:05PM

@derryb said:

@CaptHenway said:
I am surprised that the current turmoil in the U.S. Government is not driving the dollar down and gold up.

Fake turmoil?

I think he is referring to the stock market doing well, the increase in jobs, the economy expanding, energy independence, increase in consumer confidence, etc.

CaptHenway · July 11, 2017 1:20PM

Yes, the Economy is doing well thanks to eight years of good leadership prior to Jan. 20, 2017, but please re-read what I said, or have somebody read it to you.

Today's Au & Ag charts

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Today's Au &amp; Ag charts

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Today's Au & Ag charts