Friday, 20 June 2014

Tracking the Surprising Gold, Silver Rally

I thought I would just post up some charts looking at the surprisingly strong rally in Gold and Silver of late, that has been boosted in particular by the recent Federal Reserve meeting in the US, with no change of speed on monetary policy announced (i.e. they are not looking to raise interest rates faster than previously expected). 

So here are some charts looking at Gold and Silver, that may give some clues as to whether the current rally can continue:

1. Gold Breaks Out of 200-day Moving Average

2. Rally in Silver Even Stronger

3. A Weaker US$ Is Helping Gold and Silver Post-Fed Meeting

4. A Relaxed Fed and Improving Growth is Pushing up
Long-term Inflation Expectations

5. Gold ETF Holdings Relatively Stable in 2014

6. Seasonal Effects Favour Silver, Gold from late June

7. China and India Drive Gold Jewellery Demand 

8. Gold is Cheap Relative to Oil


  1. Gold, Silver benefit from short-covering post Fed meeting
  2. Gold, Silver break above their 200-day moving averages
  3. Seasonal Effects Favour Silver in July, Gold in August, Sept.
  4. Is this just a short-covering rally or something longer-term?
  5. Rising inflation expectations may boost Gold further

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