$CDW Weekly

Probably the most important chart this week is the $CDW, the $CAD and its rise along with oil prices. The $US saw a notable decline after this week's FOMC.

The irony is that most Canadians will probably respond psychologically to gold prices above $1300 US per oz., but have been oblivious to $CAD gold prices above $1600/oz. CAD.

Mostly people who had retreated from the oil patch in its final rout will be looking to the gold sector for renewed gains, as they are focussed on $US oil prices. The oil sector has a few quarters of write downs ahead of it, as insolvencies weigh on the sector.

For the moment, the larger Canadian operations are benefitting from a revival in the $US gold price, but ignoring the onset of a strong Canadian dollar, which would mean lower returns eventually. Especially companies reliant on US operations but domiciled in Canada.

The $CAD has only just begun its rally.

http://schrts.co/Q8LPRZ

$TNX:!PRII Weekly

Despite an immense push-back in the conventional markets, our indicator has continued its decline, meaning the fundamental picture continues to improve for gold prices.

http://schrts.co/J5vEAo

$USD Monthly

The $US index is making a technical sloppy joe topping formation, but what is curious is the notable very sharp low in the silver/gold ratio, as compared to previous lows.

http://schrts.co/aEh57F

$Gold:$CDW Monthly

The $CAD gold price, despite gains in foreign exchange value of the $CAD, looks as if it will eventually retest the highs:

http://schrts.co/wtWdGU

TD.TO Monthly

Never short a bank stock?

http://schrts.co/T7jPzH

-F6