Trader’s Narrative

A parabolic move is defined by an accelerating rise in price over shorter time periods, culminating in a rise that is almost vertical in slope. As you can see in the charts below, each successive trend line is steeper and steeper. But while it is easy to identify this pattern in its mature state, it […]

I was going to talk about the sentiment surrounding gold in the weekly sentiment overview but eventually the topic grew so much that it deserved its own space.
First, I’ll present various sentiment surveys measuring the mood surrounding gold. Then some not so traditional gauges of sentiment such as price targets and specialized investment funds.
Then […]

Market strategists have drawn a line and taken sides: is gold in a bubble? Jim Rogers and Nouriel Roubini had a verbal smack down via respective media interviews with the former manager of the Quantum Fund being the believer he’s always been in the power of commodities while the prophet of doom and gloom used […]

A little while ago I tried to separate the effect of the weakness in the US dollar on the price of gold to determine whether gold’s bull market could actually stand on its own: US Dollar’s Weakness or Gold’s Strength?
There is a better index out there to determine this very question. The Kitco Gold Index […]

If oil shares and anything related to oil to get a pop this morning, this may explain it:
There is a report from the Guardian that a “whistleblower” from the IEA claims that that organization has been, for years, over-reporting the estimates of oil reserves around the world under pressure from the US government. This revelation […]