good morning, Eco numbers - Consumer sentiment 10am, Personal income 8:30, NAPA, construction spending
Premarket is flat going into eco numbers.
Good comments. I will take a look at XAU:SOX ratio chart, however, there is a trading signal used by many traders on XAU:GOLD. I will post my comment on the XAU:GOLD ratio.
If you find good tradable signals, please let us know.
Of course, GLD is a good one to trade on GOLD/XAU moves.
wonderbuy's post is a good one which other posters discussed on other boards.
http://www.investorshub.com/boards/read_msg.asp?message_id=18338347
Working on transition.
Have a great day and Good trades
JAMESTOWN COMMENT:
Gold at one point during the day gold was down 10 bucks and did manage to recover one half of that loss. Nonetheless, the XAU came back with a vengence to be down very modestly considering the fall in the physical. The short term XAU charts looks very similar to the rest of the market. And I have always wondered if there is a relationship between the XAU and SOX. But ratio charts are hard for me to understand.
Great charts on GOLD and comments. One could even draw a trendline on the weekly further back in time to see the progressive uptrend that is still intact and we are riding just above it at current levels. If I am not mistaken, physical is on the verge of a sustained upswing starting now. And it can be independent of the trend in the US dollar. Or so I believe.
Trading the XAU can be nerve racking but once the uptrend has been confirmed you have to hold on fast. Then again no matter what position one has, money management is paramount.
Inverted Yield Curve ratio is coming down from the high reading after the recent housing market bad news.
Premarket is flat going into eco numbers.
Good comments. I will take a look at XAU:SOX ratio chart, however, there is a trading signal used by many traders on XAU:GOLD. I will post my comment on the XAU:GOLD ratio.
If you find good tradable signals, please let us know.
Of course, GLD is a good one to trade on GOLD/XAU moves.
wonderbuy's post is a good one which other posters discussed on other boards.
http://www.investorshub.com/boards/read_msg.asp?message_id=18338347
Working on transition.
Have a great day and Good trades
JAMESTOWN COMMENT:
Gold at one point during the day gold was down 10 bucks and did manage to recover one half of that loss. Nonetheless, the XAU came back with a vengence to be down very modestly considering the fall in the physical. The short term XAU charts looks very similar to the rest of the market. And I have always wondered if there is a relationship between the XAU and SOX. But ratio charts are hard for me to understand.
Great charts on GOLD and comments. One could even draw a trendline on the weekly further back in time to see the progressive uptrend that is still intact and we are riding just above it at current levels. If I am not mistaken, physical is on the verge of a sustained upswing starting now. And it can be independent of the trend in the US dollar. Or so I believe.
Trading the XAU can be nerve racking but once the uptrend has been confirmed you have to hold on fast. Then again no matter what position one has, money management is paramount.
Inverted Yield Curve ratio is coming down from the high reading after the recent housing market bad news.
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