The MasterCharts: August 2013
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Gold & Silver 24 hr Spot

24 Hour Spot Gold 3-Day Overlay 24 Hour Spot Silver 3-Day Overlay

Note: Green is today (or last trading day)

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Saturday, August 31, 2013

#Copper Net Non-Commercial Futures Positions: -793, Net short positions increased 673

 Copper Net Non-Commercial Futures Positions: -793, Net short positions increased 673

Monday, August 19, 2013

Indian #Rupee Collapses - Worst Day In 20 Years

Since May 2nd, holders of paper Rupee have lost 18% of their purchasing power while those that held gold instead have seen their 'wealth' appreciate 13% in local purchasing power.

Indian Rupee Collapses - Worst Day In 20 Years 
Presented with little comment (over our earlier detail) but just to note that around the world there are significant events occurring (even as the US equity market slumbers). So much for the gold coin ban - gold now trades at 4 month highs in Rupee terms. Today's 1.46 Rupee slump is the largest in absolute terms since 1993... (the largest single-day percentage depreciation since 9/22/2011)... and the last 4 weeks' move is the largest since 1991... And just for fun, since May 2nd, holders of paper Rupee have lost 18% of their purchasing power while those that held gold instead have seen their 'wealth' appreciate 13% in local purchasing power. Charts: Bloomberg
 
 
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Indian Rupee Collapses - Worst Day In 20 Years

Presented with little comment (over our earlier detail) but just to note that around the world there are significant events occurring (even as the US equity market slumbers). So much for the gold coin ban - gold now trades at 4 month highs in Rupee terms.

 

Today's 1.46 Rupee slump is the largest in absolute terms since 1993... (the largest single-day percentage depreciation since 9/22/2011)...

 

and the last 4 weeks' move is the largest since 1991...

 

And just for fun, since May 2nd, holders of paper Rupee have lost 18% of their purchasing power while those that held gold instead have seen their 'wealth' appreciate 13% in local purchasing power.

 

Charts: Bloomberg



Tuesday, August 13, 2013

Monday, August 12, 2013

With today's move in #gold we thought it appropriate to show our readers these two #charts on Gold from Peter Degraaaf

With today's move in gold we thought it appropriate to show our readers these two charts on Gold from Peter Degraaaf.


Featured is the weekly gold chart, with the US dollar at the top.The rising dotted lines in the gold chart coincide with falling dotted lines in the US dollar index chart.The long uptrend line supporting the dollar coincides with the latest correction in the gold price.The arrow in the dollar chart points to a possible breakdown below the rising trend-line in the dollar (once price drops below the arrow).In the event that this occurs, it is very likely to coincide with the gold price rising above the arrow in the gold chart.The supporting indicators at the bottom of the chart are turning positive.(Chart courtesy Stockcharts.com)
This chart courtesy 24hgold.com shows the amount of gold bullion at the COMEX that is registered and available for delivery, currently 935,000 ounces - the lowest amount in at least five years. Notice how the previous low in this chart in mid- 2011 (single dot), coincided with the gold price bottoming at $1500 and subsequently rising to $1915. The high point in this chart at the end of 2011 (two dots), coincided with the gold price topping out at $1915. "History does not always repeat, but it often rhymes"..Mark Twain.
Disclaimer:Please do your own due diligence.I am not responsible for your trading decisions.Investing involves risk.


The two most important charts you're likely to see all day by Peter Degraaf


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