Re: Charts & Comments
in response to
by
posted on
Nov 14, 2015 05:31AM
Saskatchewan's SECRET Gold Mining Development.
$Gold Daily
If you need to check just where gold prices had been, the daily chart provides the necessary update:
$Copper:$Gold Weekly
Copper prices saw a new low. But if you peruse the weekly chart of copper prices, you'll see that copper prices are well within their long term average against gold prices. They are as low against gold prices as they were in the 1990's, if not a little lower.
That suggests commodities are meant to stabilize here at these price levels. And if you compare against gold prices, can actually rise some.
$Oil:$Gold Weekly
Oil prices are in the same situation as copper, where they are at their lows compared to gold prices, and could stand to rise a little against gold, since they are where they were when gold was ~$250/oz.+ or when gold prices declined to ~$680/oz.
$Gold Monthly 21-month Cycle
I believe the 21-month cycle is probably no longer valid, but this chart used to have all kinds of comparisons with inflation-adjusted numbers.
Throw them all out, and you get a very neatly lined up chart noting when interest rates are below inflation, and when interest rates are trending above inflation.
You can see from the oil vs. gold and copper vs. gold chart that inflationary or deflationary theories are mostly subjective accounts.
It was 8 months to the bottom in 2008 at the end of the cycle, and since the high in 2015, we've had 9 months.
-F6