Chart usGOLD   Chart usSILVER  
 
Food for thought
Those who cannot remember the past are condemned to repeat it.
George Santayana  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1241.873.77
Silver 17.400.15
Platinum 1265.8011.60
Palladium 754.753.85
WORLD MARKETS
DOWJONES 16379261
NASDAQ 425841
NIKKEI 15111579
ASX 530747
CAC 40 4007-26
DAX 8773-77
HUI 187-7
XAU 77-2
CURRENCIES (€)
AUS $ 1.4573
CAN $ 1.4381
US $ 1.2769
GBP (£) 0.7925
Sw Fr 1.2061
YEN 136.6390
CURRENCIES ($)
AUS $ 1.1415
CAN $ 1.1263
Euro 0.7832
GBP (£) 0.6207
Sw Fr 0.9446
YEN 106.9900
RATIOS & INDEXES
Gold / Silver71.37
Gold / Oil15.12
Dowjones / Gold13.19
COMMODITIES
Copper 3.04-0.02
WTI Oil 82.110.49
Nat. Gas 3.74-0.03
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Another Stroll Through Time w/ the HUI-Gold Ratio
Published : November 30th, 2012
308 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Cot | Gold | Metals X | Paper Gold | Precious Metals |

 

 

 

 

This is just a friendly reminder about how bloody important it is for the HUI-Gold Ratio (HGR) leading indicator (to the precious metals sector) to maintain its higher lows status.

 


 

Yesterday the goons apparently attacked ‘paper gold’ (according to sources who stand on guard for this stuff) after the HGR had become weak. A pleasant thing happened however, as the HGR did not buy the take down in nominal gold. 2 Hour chart above.

 


 

Thus the critical higher low to last summer’s low remains in place despite a savage day yesterday. Daily chart above.

 


 

Which allowed HGR to maintain itself well above the critical ‘Armageddon 08′ low. Weekly chart above.

 


 

Which itself was a higher low to the kickoff of the secular bull market in 2000 (in nominal HUI, not this ratio). Monthly chart above.

 

The HGR does indeed look lame over the big picture, but as long as the higher lows are in place and as long as macro fundamentals (e.g. the real price of gold) are in place the above is a view of a buying opportunity, as pained as it is to endure for those already all in.

 

It is a view of opportunity as long as we do not get violations, so you can see why it was a little unsettling when the ratio began to waterfall (by the 2 hour chart at top) into what we now assume was a well coordinated hit (in line with the terrible CoT data noted in this space a couple days ago.

 

It’s all in good fun I suppose. At some point the goons will be behind us, as will this accursed noise about the Fiscal Cliff ™ in which markets are finding the latest emotional obsessions. Indicators like the HGR quietly whir beneath the surface and while it got hairy the other day, it remains unbroken.

 

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Gary Tanashian
All articles by
Gary Tanashian
Next article by
Gary Tanashian
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Gary Tanashian

Gary Tanashian is the editor or www.Biwii.com
Gary Tanashian ArchiveWebsite
Most recent articles by Gary Tanashian
10/17/2014
10/9/2014
10/8/2014
10/6/2014
10/2/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer