Showing strength against the JPY after being range bound all year - could this be the start of JPY/GOLD correlation breaking down?
New target for COT large spec longs and commercial shorts considering the breakout of US$1,300.
Another sign of a bull market return is that August and September are shaping up with strength. Seasonal strength in gold since 1975 have been the months of August, September, October through to February. Through this current gold bear market the monthly seasonals have broken down except for the month of January. A return to seasonal trends would be another signal of a new emerging gold bull market!
Lots of incidental evidence to an emerging new gold bull market that could last for years, well, at least through to February next year. I'll be selling some of my gold miners last week of September and buying back in mid-late October. Did this during the 2000-2009 bull market and it worked very well for that period.
New gold bull market? Lots of evidence out there to say YES!
COT Gold Charts 2.0, page-59
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Last
$12.96 |
Change
-0.450(3.36%) |
Mkt cap ! $14.89B | |||
| Open | High | Low | Value | Volume |
| $13.16 | $13.17 | $12.84 | $76.69M | 5.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 97522 | $12.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.97 | 124348 | 5 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |