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.
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For intermediate- to longer-term investors, it might be propitious to take a position in a gold ETF before the seasonal strength for gold starts in July. Looking at the short-term for gold ETFs, the June break-down, particularly with the gap lower, suggests bearish tendencies. [more]
With the exceptional volatility that has recently gripped global stock markets, many indexes have declined sufficiently enough to now threaten their rising trend-lines. This has negative implications for the nine-year bull market. [more]
The Fat Pitch is the Blog of Urban Carmel, in which he publishes a Weekly Market Summary. His articles focus on macro economic factors. [more]
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