Since mid-May, with the U.S. Dollar going lower, Gold went higher. But did it go too far too fast? Kimble provides a chart (below) of the Gold/Dollar Ratio. The Ratio has risen and has hit resistance. Whither now? Gold bulls want the Ratio to keep rising.
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).
eResearch Corporation is pleased to provide our Channel Breakers report, which features all of the Canadian stocks that broke above or broke below their respective price-channels. We stress that these charts are based on daily closing prices and, therefore, are appropriate for use by short-term traders.
Our report is prepared courtesy of the technical charts of TheUpTrend.com. [more]