John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
Gold And The Dollar: Proposed Buy And Sell Signals 3 comments
May 26, 2012 11:52 AM
| about stocks: GLD, UUP, UDN, GDX
The5 Min. Forecast offered a provocative graphic Monday, 21 May 2012. The following suggests that there are good timing signals for both gold and the dollar based on swings in the 60-day volatility.
Click on graph for larger image.
This deserves some closer examination. I will return with some analysis later.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha
community. Instablog posts are not selected, edited or screened by Seeking Alpha editors,
in contrast to contributors' articles.
So it looks like the gold correction may not be over yet. If we are heading into recession gold should take a deflation hit along with everything else that has had a speculative runup. Deflation and then inflation later this decade. The rest of 2012 could be very interesting.
And Prometheus is an excellent analysis source. We post his daily feed everyday at Global Economic Intersection.
I am starting some serious work to cover the use of gold in portolio management and how some possible tactical strategies work (timing). I will get some summaries of that posted here over the summer.
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Gold And The Dollar: Proposed Buy And Sell Signals 3 comments
The5 Min. Forecast offered a provocative graphic Monday, 21 May 2012. The following suggests that there are good timing signals for both gold and the dollar based on swings in the 60-day volatility.
Click on graph for larger image.
This deserves some closer examination. I will return with some analysis later.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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This post has 3 comments:
Looks like dollar has plenty to go up - and gold more to drop as USD strengthens
thanks
http://seekingalpha.co...
The dollar has broken out of a bullish cup-and-handle and looks to gain further:
http://seekingalpha.co...
So it looks like the gold correction may not be over yet. If we are heading into recession gold should take a deflation hit along with everything else that has had a speculative runup. Deflation and then inflation later this decade. The rest of 2012 could be very interesting.
Good observations.
And Prometheus is an excellent analysis source. We post his daily feed everyday at Global Economic Intersection.
I am starting some serious work to cover the use of gold in portolio management and how some possible tactical strategies work (timing). I will get some summaries of that posted here over the summer.
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