$Gold:$CDW Monthly

Gold prices in $CAD went back above $1500/oz. today. The monthly chart remains RSI positive, with not much upwards momentum and very little downwards momentum in the ADX.

For the most part, the rally in $CAD gold prices has seen its day, but is still capable of filling out a fifth wave. In $CAD terms, the '3' wave was where most of the advance has occurred, which suggests a $CAD rally against the $US.

http://schrts.co/wtWdGU

$Gold Monthly

Gold prices in $US are not showing much that is positive in either RSI or ADX. Will we now see a mania in gold prices? My guess is no, the bulk of the advance in $US was due to both interest rate declines against inflation, and the dollar decline.

We may see eventual negative rates in the US, where the tables are turned between Euro-denominated bonds and $US-denominated bonds, where interest rates rise some in Europe, and rates decline in the US.

What is interesting has been the decline of interest rates in Japan sub-zero again.

http://schrts.co/Roq4OH

TLT Weekly

Notable to the discussion would be where interest rates are headed, and TLT prices are RSI positive, after testing a breakout, which is yet to be confirmed on strong volume.

http://schrts.co/Roq4OH

$GVZ Weekly

What if, then gold prices did rally, but did not achieve a mania? Gold's low volatility seems to suggest that a wild, volatile run-up is somewhat out of the question. Then again, why would you want a mania in gold prices, only to come crashing down, wiping out a decade of gains?

Furthermore, you have gold prices dependant on interest rates, which move slowly. Would there not be more interest in the mining asset, which provides the yield, swapping gold for cash and distributing to investors, the VERY DEFINITION of a gold mine.

http://schrts.co/svGlWM

$TNX:!PRII

We've seen gold price bottoms over and over. The $TNX:!PRII is showing a high commensurate with the previous correction, overbought now for months.

http://schrts.co/Keexry

-F6