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Message: Charts & Comments

via INO.com - Dec 2015/June 2021 Spread

No surprise in the narrowing of spreads between the near futures and longest dated futures, with a pull-back in bullion prices.

http://quotes.ino.com/charting/index.html?s=NYMEX_GC.Z15_M21.E&t=l&a=0&w=1&v=dmax

$Gold:$CDW Weekly

The Canadian dollar gold price remains bullish, you would be expecting a new high after the previous high was tested and pulled back. This might not be due to a drop of the $CAD, but the drop in interest rates in the US. The wild card would be how the PBOC responds with an exchange rate adjustment or an outright de-peg, should the dollar drop to its previous exchange rate.

http://schrts.co/X6fxJPy

$TNX:!PRII Weekly

Our indicator this week could not anticipate central bank intervention globally. Central banks aught to be well advised that they can't rectify with policy moves in the space of a couple of weeks what has taken over a generation to accumulate in the markets.

Major indeces can make it to the previous high with little or no momentum.

I threw in Stewart Thomson's favourite stochastic, which is pointing to a decline, which ostensibly means a rise in the gold price

http://schrts.co/nG2izA

-F6

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