Metals into week 44

Gold, Silver and Platinum are collectivly sideways this past week.

The latest bar is still blue, but as an 'inside bar' it is more difficult to say if this next week could break to the upside or downside. Let's follow the week closely. Going into November, this may be an exciting month as history shows the possibility of huge losses or big gains.


Here is how the price of Gold behaved throughout the month of October.

The 4 weeks of trading are put on top of each other to show excactly how the tradingweek develop. The weeks are named W1, W2, W3, and W4.


Into week 43 updated.

All sections are updated for PRE Monday Oct. 25., 2021:

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.

New this week !  All of the above can be viewed up against not only last year but also current prices vs 2 years ago.

Soft commodities into week 43.

The lower prices for Coffee, Sugar and Cocoa are presented below.

- Continuing the chart above from last week. There is now overhead resistance to "collective" Coffee, Sugar and Cocoa prices. The chart shows a lower low and a lower high on the weekly time scale. This signals potentially lower rather than higher prices for the soft commodities to come.

Metals into week 43.

Gold, Silver and Platinum are collectively higher this past week.

The chart above contains Gold, Silver and Platinum equally weighted. This last week shows a higher high and a higher low giving precious metals signs of further potential strength to come.

Bitcoin into Wednesday Oct. 20th

Bitcoin is up 47% since seasonal turningpoint Sep 26th. The graph below shows the price development where Blue is strength and Red indicates weakness.

This chart is updated frequently on the Bitcoin site.

Facts on Coffee, Sugar and Cocoa

So what about inflation - any pressure from Coffee, Sugar and Cocoa prices?

Absoulutely NOT. Looking at the 3 common soft commodities there is very little inflation in broader terms;  Since February 2020 into July this year, these commodities actually collectively fell 17%. The latest 13 weeks they are up 16%. The soft commodity markets are still lower than they where in February 2020, and also compared to December of last year.

The question becomes rather if it is ok to view them all 3 in the very same chart...


Looking at the weekly graph, there now seems to be collectively price resistance around the two former peaks formed the last two winterseasons. After the recent upside price pressure, history shows prices could quickly reverse down again or pause at current levels.

Sunday Oct 17th.

All sections are updated for Monday Oct. 18., 2021:

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


Metals into week 42

After week 41, metals markets are generally higher, and buiding higher highs and lows.

The chart of Gold, Silver and Platinum equally weighted, did show clear strength this past week. Looking at the graph, going into week 42 should be positive for higher precious metals prices to come.

Metals into week 41

After week 40, there are some signs to metals potentially moving higher with Platinum leading the pack. For the week Platinum was up 5% + , Gold unchanged and Silver + 0.6%.


This graph gives the picture of Gold, Silver and Platinum. All equally weighted.

The weekly chart do show a higher low and and a higher high. This is a positive sign. Looking at the weekly trend for three metals there is no change to the present downward pressure. But, if they do show strength through week 41, there will be renewed signs of possibly higher metal prices to come.


Metals into week 40

After week 39, metals are still havy with the attempt to go somewhat higher towards the end of the week.

The graph above consists of Gold, Silver and Platinum weighted 1/3 each. To get a clearer picture of the actual trend, the derived candle chart (Heikin Ashi) shows prices are still trading lower on a weekly timescale.

The low for the week was actually higher than prior week and similar to the week before. This could indicate some type of floor to the precious metals prices for now.

In order to be more confident in a potential renewed uptrend to come, markets should make a nice blue weekly bar this upcoming week # 40, October 04 - 08.

I N T R A D A Y . S E







What would you trade? (i)


What would you trade? (ii)


You hold positions for?


You mostly trade?


You prefer to watch?