The Phaserl


Precious Metals: Contratrend Rally and Not

from Gold Silver Worlds:

Gold – Where’s the Contratrend Rally?

Gold Spot price (GOLDS-1,178.59) carries an enigma in behavior over the past six months in that with the dollar rally, Gold went nowhere; with the stock market rally, Gold went nowhere. Both of these relationships are generally inverse in nature. However, from a Relative Strength perspective, the expected underperformance of Gold versus the dollar and versus stocks, has held 6 Gold has underperformed both.

Now with the dollar pulling back and the stock market mixed, Gold is still flat (see Figure 26). The potential for a Gold rally may still lie ahead, but at the moment there is no compelling technical indication, as both the monthly and weekly momentum models remain flat and indecisive.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>