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Yorkville Investor's  Instablog

Yorkville Investor
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Corporate development manager at a private equity-backed company. Former investment banker and private equity investment professional based in Toronto, Canada.
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  • The End

    Notice to my readers:

    The author behind Yorkville Investor has accepted an offer of employment with a global investment bank and as such will no longer be able to write on SeekingAlpha.

    Going forward, I will:

    1. Continue to read SeekingAlpha
    2. Respond to individual personal messages (where appropriate)
    3. Comment on articles only if/when cleared to do so by compliance

    I'd like to thank everyone for their support.

    Yorkville Investor

    Feb 19 12:55 PM | Link | 1 Comment
  • GLD October 2014 Breakdown - Gold Equities (GDX) Called The Breakdown Early

    It doesn't take the world's most astute chartist to see this one.Gold Oct 2014 Breakdown

    As we mentioned in a prior article, this $GOLD (NYSEARCA:GLD) breakdown was augured by the breakdown in Silver in September, see:

    The interesting thing is that the market itself 'tipped us off' early about the impeding $GOLD breakdown:

    Gold vs GDX

    Gold technically did not break through its $1,185 resistance level until Friday October 31 (or to be more accurate, overnight the night before).

    But look at GDX - the Gold equities (chart on the right): Unlike the commodity itself, which bounced noticeably before the decline, the equities called the breakdown early, allowing traders to be well prepared from the likely $GOLD breakdown. Aggressive traders could have gotten short end of day on the 29th, and others on the 30th. Certainly you need not have waited till the 31st to position yourself to take advantage of the breakdown.

    The immediate and acute (non-technical) cause of the breakdown was the comments from the FOMC on the conclusion of QE. $GOLD launched a breakdown to 'celebrate' the end of QE.

    Tags: GLD, GDX, Commodities
    Nov 02 10:32 AM | Link | Comment!
  • Some Interesting Gold And Silver Charts

    Silver is generally correlated with gold prices, and silver has already broken down through its low from the last 2 years.

    Does this have implications for gold? Note that while silver and gold are correlated, the gold:silver ratio is also a well followed trade, and the ratio has been increasing for some time, leading to a more pronounced divergence in price trends.

    Gold vs Silver

    (click to enlarge)$SILVER

    (click to enlarge)$GOLD

    Gold:Silver Ratio

    Tags: GLD, SLV
    Sep 25 3:00 PM | Link | Comment!
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