The MasterCharts: 2016
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Gold & Silver 24 hr Spot

24 Hour Spot Gold 3-Day Overlay24 Hour Spot Silver 3-Day Overlay

Gold Silver

24 Hour Spot 3-Day Overlay 24 Hour Spot Silver 3-Day Overlay

Note: Green is today (or last trading day)


Friday, December 16, 2016

10Yr #Bonds Yields Poised for Further Upside, #Gold Resuming Downtrend

10-Year Yields Poised for Further Upside, Gold Resuming Downtrend

10-Year Treasury Yield: Breaking Above Key Downtrend Signalling Further Upside




Gold: Resumption of the Long Term Downtrend





Gold: 2016 Top Measures to $1,045.




Equal Weight Gold Index: Breaking Below November Lows, Resuming Downtrend



Monday, October 17, 2016

#Gold - The crowd still too bullish

Net commercial gold dealers

dropped further their positions,

which are now at the lowest level

since May 31st. However, the

positions are still sizeable. Large

speculators (hedge funds and

managed money) further took their

losses (attachment 1).


In the silver market large speculators

reduced their positions taking the losses.

Net commercial silver dealers also

reduced their short positions, which

historically are still large (attachment 2).


The KITCO Gold Survey indicates that

Wall Street and Retail investors are in the short

term still in the bullish camp. This is not a

good sign (attachment 3).


The Gold Barometers are neutral for

precious metal stocks and physical gold

and silver (attachment 4).


The Gold hourly chart (attachment 5)

shows that gold went nowhere last week.

As a matter of fact gold was unable to rally

after the sharp losses of the week prior.

Gold lost US$ 5.00 per ounce last week

(New York time 4:00 p.m.) to US$ 1,252

per ounce. It all looks that a test at the

US$ 1,200 per ounce will follow.


Gold stocks always outperform the physical

gold price in an environment of rising gold

prices. On the other side, falling gold prices mean

that gold stocks decline sharper than the gold

bullion. The attached chart 6 shows that the

ARCA Gold Bugs Index (HUI) climbed from a

low of around 100 in January 2016 to a high of

around 285 by August 2016. HUI lost about 30%

over the last two months, whereas the gold bullion

declined around 9%. The HUI Index has just

fallen a bit below the 200-day moving average

(attachment 6).



Tuesday, May 10, 2016

Technical Levels on #Gold Stocks @MasterMetals


With the potential for further USD strength in the near-term there is still risk of weakness in gold equities, however unless we see technical levels start to break we remain buyers of the dips.

·         Below we highlight some key levels to watch on a number of gold names:
o   Seniors: ABX, G
o   Intermediates: AEM, DGC, ASR
o   Juniors: KDX, OGC
o   Royalties: RGLD, SSL

 See the whole post here:  MasterMetals: Technical Levels on #Gold Stocks

Monday, May 02, 2016

Looks like markets have hit a top. All indices seem to be turning over, some already have $SPX $DJIA $QQQ $DAX $VIX

Check it out on The MasterCharts

Thursday, April 14, 2016

Are financials about to break out? $XLF $BAC $JPM $C

Financial Stocks in the U.S. look like they're breaking out on the upside! - Same thing in Canada



The attached chart 1 shows the ETF Financials Select Sector SPDR (XLF) US$ 22.93. This ETF reflects the financial stocks and the components of the index is shown in attachment 3.


Attachment 2 shows the Point&Figure chart

with the huge upside breakout in 2015 at US$ 16 for a 50% gain. Since July last year XLF has been forming a triangle formation and we expect a breakout on the upside in the next few weeks. The advance yesterday (+2.2%) was  because JPMorgan released better than expected earnings (US$ 1.35 versus expected US$ 1.26).


In Canada, the S&P/TSX Capped Financial Index (XFN CAD 30.55) is approaching the all-time high of CAD 31 (attachment 4). And this despite all the mourns  of the investors about Canadian banks to be too heavily

involved in real estate and being exposed to the big oil sector in Canada. 

Canadian banks, as per the World Economic Forum, are the soundest banks in the world. When you compare the stock prices of the Canadian banks to the stock prices of some big banks in Switzerland or Europe you

will notice what we mean!!!


Wednesday, February 24, 2016

#Gold - Short-term triangle formation- Expect Big #Volatility

As the attached gold spot chart shows, a short-term triangle formation has been formed.

The RSI (Relative Strength Index) is falling. The Relative Strength Index compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.


The MACD (lower chart) is flattening out. With the expiration of the March gold futures contract coming up, we just might witness huge volatility in the gold price.