CHARTS AND COMMENTS

GOLD VS SILVER INTO WEEK 18

As this weekly chart is pointing out, Gold is stronger than Silver on a weekly scale.

The latest Blue bar is making a higher high and a higher low indicating more support to Gold prices than of the Silver prices.

As long as this graph is showing higher prices, Gold is performing stronger relative to Silver.


Nasdaq100 & Gold pre Mond. Aug. 23

Is the technology weighted Nasdaq100 index still better than Gold?

The weekly chart above shows the development of the Nasdaq100 index divided by the price of Gold.

As the graph signals, the index has outperformed Gold since May. This passed week gives a signal of that trend stalling. Is it time for a break or to head south? Gold looks to attempt to hold up better than Nasdaq100. Next week could quickly show if this is more true than false going forward when next week is giving the Blue or Red bar. The higher (lower) the numbers in the graph the more (less) OZ Gold needed in exchange for a contact of Nasdaq100.


Gold Silver pre Monday 23rd of Aug.

Gold continues to outperform Silver. See chart below.

This is the weekly Heikin Ashi chart derived from the weekly price development of Gold divided by Silver. The more the numbers creeping up, the more silver it takes to get ahold of 1 OZ Gold. Until markets do see a Red bar, Gold is favoured over Silver. 

 


Nasdaq100 vs Gold prices

The Nasdaq100 index continues to outperform the price of Gold.

This weekly chart above clearly demonstrates how Nasdaq100 has outperformed the Gold price development in 2021. Especially the last 10 weeks (since late May), the Nasdaq100 index has seen extreme performance. The higher the prices the more OZ Gold it takes to pay for one contract of the Nasdaq100 index.

 


Gold to Silver Wedn. 18th Aug.

Gold continues to outperform Silver.

The higher this goes the more silver you need to have to get ahold of every OZ Gold.

 


Metals for Monday Aug. 02.

Below are the weekly charts for Silver, Gold, and Platinum updated pre this upcoming week starting Monday August 02.

Weekly overviews are good because it gives a broader perspective for the price trends than the day to day movements. Included in this post is also the weekly Gold to Silver Ratio, the Platinum to Gold ratio, and the Platinum to Silver ratio. This shows wider relationships and comparisons.

 

SILVER WEEKLY CHART

Silver made a lower low and a lower high last week. Bars are still red, and no indication of turning higher in this week to week picture.

 

GOLD WEEKLY CHART

Gold is trading sideways as for the visual view above. The chart shows last week with a slightly higher high and higher low, but without a 'clear' picture of where it is heading next. The chart could favour the upside but it is easy to be tricked as it is basically sideways for the last 4 weeks (not trending up or down). A break could happen either way. A hint is to stay patient until there is a direction.

 

PLATINUM WEEKLY CHART

Platinum shows a higher high and a lower low in this weekly chart above. According to the chart, there is no indication Platinum prices are moving higher on the weekly basis. Red bars means weak developments. So, as for next week markets will look out for the vulnerable 1.030 level which has been a base level to investors over the last 7 weeks. Experience shows that if this level is breached, be aware of a potential 'fake' break where prices bounces back. But for now, there seems to be no hurry for higher prices.

 

GOLD TO SILVER RATIO WEEKLY.

The chart shows how many OZ Silver you receive in exchange for 1 OZ Gold.

Gold prices are favoured over Silver, as the ratio is moving higher. On a weekly time frame the chart above shows a higher high and a higher low. There is a more clear picture of what is going in the ratio in the pic above, compared to the one layed out last week; In the pic above, each bar is formualted directly from their respective underlying already derived gold and silver prices.

 

PLATINUM TO GOLD RATIO WEEKLY

The chart shows how many OZ Gold you get in exchange for 1 OZ Platinum.

Until this past week, Platinum has acted much weaker relative to Gold since mid May. Markes needs to see the exchange between the tow above 0.62 in order to see Platinum starting to outperform Gold.

 

PLATINUM TO SILVER RATIO WEEKLY

The chart shows how many OZ Silver you take in exchange for 1 OZ platinum.

There has been very little movement for the exchange relationship between Platinum and Silver over the last 5 weeks. On a weekly basis the trend looks somewhat weak rather than strong. Last week printed a red bar. In order to move higher, markets could watch the 42.5 level for now.


GOLD SILVER RATIO MONDAY JULY 26

The Gold Silver ratio is a widley used investor tool and simply measures how many ounces of Silver it takes to get ahold of 1 OZ of Gold. Lately, Gold is holding up better relative to that of silver meaning it takes more ounces of Silver to get 1 OZ Gold, see weekly chart below.

The week ending February 28th made a low point for the Gold Silver ratio. Back then, the value of 1 OZ Gold was equal to 65 OZ Silver.

Now (Friday the 23rd of July), 1 OZ Gold equals 71.5 OZ Silver. According to the chart, the trend since February has been ticking higher. Meaning that Gold has held its relative value better than Silver has. Going forward, weakness is seen if this ratio falls below 69 again as the next bar. 69 is the low level last week in this type of bar chart. The last two years Silver outperformed Gold in the second half of the year, but for now it points in the oposite direction.


Gold on track

The Goldprice is holding up with its roadmap from earlier years. In order to continue on this path, markets needs to keep off / stay above last weeks low @ 1.306.

180219 - GOLD ROADMAP

The upcoming seasonal top finds place next Monday February 25th plus minus one tradingday. Only time will show if this proves correct this time around.

At the same time, it is interesting to take a look at the price of Platinum to Gold. The rear metal has continued to see weakness and the relative strength to Gold is actually - 15.6% since November 8th. At that time, gold traded at 1.223,5.

Since 1970, Platinum is currently seeing a value which is - 56% lower than its average relative price to Gold. A ratio this low has never been observed during the analyzed period. This is telling us that Platinum may be dirt cheap at current levels from an historial perspective. 

180219 - PLATINUM GOLD RATIO DAILY

The Red solid line in the graph above, is a 50 day moving average which is now + 3.9% above the closing this passed Friday.

If or rather when markets see Platinum to Gold above this Red solid line, it could be a first and clearer sign that the price of Platinum could be entering a period where it will outperform Gold, or that markets wish to prefer having Platinum over Gold.

To put preent state into perspective - Gold is now trading USD 97.5 above its November price, and Platinum is trading USD 63,5 lower than its November price.

Only time will show when markets wants this equilibrium to level out..

 


Nasdaq100 & Silver 041218.

After the last strong intradays, here is an updated chart vs the map of DJIA 1973-1974.

Nasdaq100 do continue to follow the 1973-1974 map of DJIA. Over the next period, markets would now see a lowpoint in approx. 30 intradays from yesterdays close.

Thereafter, rising prices equivalent to + 5.3% compared to yesterday's close . In time - in 51 tradingdays. From this point, markets could start the 143 days downtrend to mark its lowpoint in the beginning of October 2019. This slide may be counted as a fall of - 34%.

041218djia1973-1974

Only time will show if 1973-1974 proves to be the most 'correct' historical path.

 

Below is the Nasdaq100 index up against the price of Silver. A ratio is created to see the relative present values. The All time high for the Nasdaq100 index is marked by the vertical line for a broader perspective.

041218NASDAQ100SILVERATIO 


Platinum Gold Ratio

As markets see Gold and Silver move strongly to the upside yesterday, here is the daily development of Platinum to Gold. Its lowpoint, since at least the 1990's, was this July and retested Friday 07. Sept at 0.65.

The ratio is now attempting to technically break to the upside of the horizontal resistance line. Longer term, holding some Platinum over Gold could be an interresting play? 

PLATGOLDRATIO 


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