At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not;
1) Charts (price action) don't lie; 2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?) 3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary; 4) The Gold/Silver Ratio; 5) Feel free to make up your own reasons.
The Gold / Silver Ratio
Nota
Here is the old post; Have been short gold for the past $180. Worked out well!
Nota
Here is the Gold / Silver Ratio Weekly
Trade fechado manualmente
FLAT - for now; $0.0 (Scratch) Going nowhere fast, here. We'll be back at it.
Trade ativo
SHORT Short for now. But...
Trade fechado: objetivo atingido
FLAT; +$31.00
Nota
This is indicating indecision here! (The G.S. shows Up, everything else calls for a dump!) We'll wait for the weekly open and at the first sign of weakness, will Short this something fierce! Incidentally, The SMI sentiment in the PMIs indicates a top in the equities, E.g. a bottom in the UD. Which will make this a Short for quite some time to come!
Trade ativo
SHORT
Trade fechado manualmente
FLAT; -$3.00
Trade fechado: objetivo atingido
FLAT - for now; +$24
Nota
The only reason we closed out the Gold Shorts, here, is because of a large Short position in silver, being the primary PM trade. See thi post;
Otherwise, stay SHORT! - in no small part because of this;
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