Charts & Comments
posted on
Aug 01, 2014 12:03PM
Saskatchewan's SECRET Gold Mining Development.
via Kitco - Jay Taylor
Jay has shared Ross Clarke's handiwork from a previous Institutional Advisors weekly letter, detailing moving average crossovers between the 150-day MA and the 200-day MA, likening it to the bottom in the Dow in 2009. The stock market rose to the 150-week MA, or the 1000-day MA.
The crash in the gold price aught to be similar, thus the recovery aught to be similar. There are major differences in that gold prices have remained skewed, while fundamentals such as lower interest rates on market corrections and negative rates in the Euro zone continue to pile up.
source: http://www.kitco.com/ind/Taylor/2014-07-30-Gold-Next-Stop-1430.html
$Gold Daily
You can effect the same on stockcharts.com, and get a clear idea of where those prices are:
$INDU Daily
You can see the stock market moving averages crossover after the 2009 crash,and the rise to the 159-week MA (1000 days.)
via AdvisorPerspectives - A Perspective
The Dow has achieved the 161.8% rise over the previous high.
http://advisorperspectives.com/dshort/guest/Jason-Leach-140731-Market-Analysis.php
A correction in the markets did not necessarily result in a brute gold price rally, but the prognosis that gold prices will rise during a market correction still stands.
-F6