CHARTS AND COMMENTS

Metals after week 38

Gold, Silver and Platinum continue to perform poorly on a weekly basis.

Looking at the chart above where Gold, Silver and Platinum accounts for 33% each, the trend continues lower.

The latest week 38 bar, shows a lower low indicating continued weakness. In order to see strength in the metals space, investors should look for a renewed Blue bar on a weekly timescale to gain traction again.


Yearly high and lows

Throughout the year, how many days between yearly low and yearly high?

Here is an updated table of the duration between highs and lows and lows to highs in Calendardays. It does not tell when the highs and lows arrive, only duration between them. Updated 28.09.2021

Highs and Lows of the year 2001 - 2021

Over the last 20 years, the table shows that the average time between yearly high and yearly low is more than 200 calendardays (on average).

The last 10 years, the German DAX index and the US Nasdaq100 index have both reached its yearly high before its yearly low, every year but in 2018. Is there a change to this pattern in 2022 where the high of the year steps in first? 

This overview is a clear proof that trends lasts a while.


Monthly changes

Ever wondering how a particular asset is doing through a certain month?

There is now a monthly performance view for each and every month from 2001 - present in:

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.

The monthly changes table is located below the indicators on the respective sites.

 


PLATINUM MONDAY JULY 26.

Together with Gold and Silver, Platinum prices are acting heavy these days. The precious metal should historically trade higher from end of June into August or September, but the chart below shows weakness rather than strength. 

Trades above 1109, which is the latest bar high in the chart above, could be the first indication in the weekly chart, for higher prices to come.

 


GOLD FOR MONDAY JULY 26.

Gold is basically sideways the last two weeks, see chart bleow.

Unless there is tradingaction above 1.825 in the coming week, the metal could next be under pressure.


SILVER FOR MONDAY JULY 26.

Silver looks heavy in the weekly chart, see below.

There is little strength unless Silver prices starts trading above 26.50.


Days to Yearly high

....Suprised "nobody" brings up this issue.

From the start of the year, how long does it take before a market makes its Year high level?

Looking into the last 20 years for both the Nasdaq100 index and the German DAX index, there are interesting findings. First of all, they most often bring in the Yearly high about the same time every year. If there are many days in between respective highs, it  is easily because of a consolidation for one of the indices having several high-points that very year.

Below you see the present state. Either markets turns down "now" from the now Year high's (marked with a red line), or next, lasts at least 55 more calendar days (Green line).

Walking through the fall without challenges for markets could quickly mean the Nasdaq100 and the DAX continues higher into "year end".

Calendardays To Yearly high'sThis is history so you never know about markets. Whatever you choose to do, make sure the preferred stop loss is in place. 


PLATINUM WEEKLY

Is there enough strength in the current Platinum markets to push prices higher or lower?

The answer might be in this chart below as it is easy to get caught up in the noice.

The chart below is showing the weekly performance for Platinum prices through Friday the 16th of July. The graph is derived from weekly price changes. Week open, week low, week high and week close.


SILVER WEEKLY

Is there enough strength in the current Silver markets to push prices higher or lower?

The answer might be in this chart below as it is easy to get caught up in the noice.

The chart below is showing the weekly performance for Silver prices through Friday the 16th of July. The graph is derived from weekly price changes. Week open, week low, week high and week close.


GOLD WEEKLY

Is there enough strength in the current Gold markets to push prices higher or lower?

The answer might be in this chart below as it is easy to get caught up in the noice.

The chart below is showing the weekly performance for Gold prices through Friday the 16th of July. The graph is derived from weekly price changes. Week open, week low, week high and week close.



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