http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html Freshly squeezed market commentary & analysis Mon, 01 Dec 2008 22:19:17 +0000 http://wordpress.org/?v=2.0.2 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-31362 Fri, 22 Feb 2008 05:23:20 +0000 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-31362 [...] I think my mistake was that I used the k-ratio’s valuation message to mean that gold’s trend couldn’t continue. Boy have I been schooled. The valuation is still high - historically - but that doesn’t mean that a trend can’t continue. The k-ratio is an amazing tool but it is really useful in giving you the really big picture. For anything more granular it falls apart. [...] […] I think my mistake was that I used the k-ratio’s valuation message to mean that gold’s trend couldn’t continue. Boy have I been schooled. The valuation is still high - historically - but that doesn’t mean that a trend can’t continue. The k-ratio is an amazing tool but it is really useful in giving you the really big picture. For anything more granular it falls apart. […]

]]> http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-9642 Sat, 21 Jul 2007 02:41:49 +0000 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-9642 [...] As I ponder the dollar reaching its long term support levels, I can’t help but wonder how things look for gold stocks long term. My favourite indicator for the precious metals sector is the k-ratio. [...] […] As I ponder the dollar reaching its long term support levels, I can’t help but wonder how things look for gold stocks long term. My favourite indicator for the precious metals sector is the k-ratio. […]

]]> http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-6111 Thu, 03 May 2007 02:15:55 +0000 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-6111 [...] Even with the statistics, I’m a bit skeptical of the validity of using the Philli index (XAU) since it is not a pure gold index. No real gold bug uses this index but rather the Gold Bugs Index (HUI) or the CBOE Gold Index (GOX). And if we go by those indexes, the k-ratio level right now doesn’t look so promising. [...] […] Even with the statistics, I’m a bit skeptical of the validity of using the Philli index (XAU) since it is not a pure gold index. No real gold bug uses this index but rather the Gold Bugs Index (HUI) or the CBOE Gold Index (GOX). And if we go by those indexes, the k-ratio level right now doesn’t look so promising. […]

]]> http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-5802 Thu, 26 Apr 2007 00:49:46 +0000 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-5802 [...] If we combine the two graphs we get the k-ratio (not shown). And it is telling us the same story. Not a good time to be in the gold market. The breadth of the sector also confirms this with 60% of gold stocks being above their 200 day moving average. The best thing we can look forward to is more meandering. [...] […] If we combine the two graphs we get the k-ratio (not shown). And it is telling us the same story. Not a good time to be in the gold market. The breadth of the sector also confirms this with 60% of gold stocks being above their 200 day moving average. The best thing we can look forward to is more meandering. […]

]]> http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-60 Fri, 26 May 2006 21:44:02 +0000 http://www.tradersnarrative.com/timing-gold-stocks-using-the-k-ratio-96.html#comment-60 [...] The sentiment on inflation also dovetails nicely with something else which has already started to play out: the weakness in gold stocks. According to the k-ratio, gold stocks were rather stretched and were headed for a tumble. Since I wrote about it, the Amex Gold Bugs Index has fallen from 387 to less than 340. [...] […] The sentiment on inflation also dovetails nicely with something else which has already started to play out: the weakness in gold stocks. According to the k-ratio, gold stocks were rather stretched and were headed for a tumble. Since I wrote about it, the Amex Gold Bugs Index has fallen from 387 to less than 340. […]

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