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).
Gold, gold stocks, and gold ETFs have been in high demand recently, that is, until the market crash. With the GDX down almost 50% from its recent high, the current price level might represent an attractive entry point. [more]
eResearch is pleased to provide a technical opinion on the market from Chris Kimble of Kimble Charting Solutions. Today’s article is an update on the gold/silver ratio that was written about on July 15. [more]
