GOLD: ETFS Physical Gold

[Dona Ferentes]

from Market Index ... not even sure it's relevant to this ETF

ChartWatch​

S&P/ASX All Ordinaries Gold Sub-Index (XGD)​

Coining a new candle pattern: The Zebra!​

Check out the Zebra pattern on the XGD over the last 2 weeks! It suggests considerable indecision within the demand-supply environment, and is hardly a glowing endorsement for ASX gold stocks.

Still, it hasn't done a great deal of damage to the prevailing short term trend, and the long term trend ribbon (albeit very flat) is still indicating an uptrend.

These two areas are now the key points of dynamic demand going forward. As long as the XGD continues to close above the uptrend ribbons short and long term uptrends are intact.

Supply is clearly at 7013. It would take a close above this point to reaffirm the short and long term uptrends, and potentially set the XGD up for a move to historical supply at 7571. A close below the uptrend ribbons would likely see historical demand at 6106 come into play

 

[Sean K]

from Market Index ... not even sure it's relevant to this ETF

ChartWatch​

S&P/ASX All Ordinaries Gold Sub-Index (XGD)​

View attachment 173065

Coining a new candle pattern: The Zebra!​

Check out the Zebra pattern on the XGD over the last 2 weeks! It suggests considerable indecision within the demand-supply environment, and is hardly a glowing endorsement for ASX gold stocks.

Still, it hasn't done a great deal of damage to the prevailing short term trend, and the long term trend ribbon (albeit very flat) is still indicating an uptrend.

These two areas are now the key points of dynamic demand going forward. As long as the XGD continues to close above the uptrend ribbons short and long term uptrends are intact.

Supply is clearly at 7013. It would take a close above this point to reaffirm the short and long term uptrends, and potentially set the XGD up for a move to historical supply at 7571. A close below the uptrend ribbons would likely see historical demand at 6106 come into play

Had to be pretty good, or lucky, to make money out of junior gold stocks the past couple of years. Picking lows to buy might have been as good as it got. Might have been better just buying the physical or either GOLD or PMGOLD. I chose PMGOLD out of the two but it didn't really matter.

But, there must be a point when the gold juniors have a spot gold tipping point where the general market realises it's running away and unhedged producers are going to start making a motza.