gold – Phantasmix.com

People’s Choice: Gold vs. Silver $GLD $SLV

Phantasmix — Mon, 30 Jan 2012 15:25:51 +0000

I haven’t looked at this in awhile: search term popularity according to Google.

Of course, a lot of the searches are for meDals, not meTals, especially during the Olympics. Still, gold is more popular lately, by about 20%:

Gold

Silver

Gold vs Silver Price Chart

Silver is the lagging black line with the price scale on the left.

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US Dollar vs. Gold 3-Year Chart GLD

Phantasmix — Wed, 02 Mar 2011 05:30:11 +0000

Here’s a 3-year daily chart showing that even when the U.S. dollar went up temporarily, the gold kept creeping higher. It’s in a bull market, you see.

And check out the lines I drew. Price is in an uptrending channel, and has room to run.

I won’t be making any claims as to the extent of the up move in precious metals. Just watching the currency policies in the U.S. and reserve the right to change my opinion at any time.

In the chart: $USD US Dollar index, GLD gold ETF. Black line is GLD.
Click to enlarge

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$$ Gold Going Vertical?

Phantasmix — Wed, 09 Jun 2010 19:21:24 +0000

The price of gold over the past 8.5 years, compared to the first 8.5 years of the Nasdaq and housing bubbles.

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$$ The Cost of Gold Mining

Phantasmix — Mon, 04 Jan 2010 02:24:55 +0000

Q. What is the average cost of mining per ounce?

A. The average cost of replacing and producing an ounce of gold rose to $428/oz in 2005, a ten-year high, according to Metals Economics Group, based on a study of 18 major gold producing companies. However, costs vary widely between companies and the mines themselves. – World Gold Council

I read elsewhere that the current production cost is $600-700/oz on average.

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$SPX vs $GOLD, Charts

Phantasmix — Mon, 23 Nov 2009 07:32:28 +0000

Interesting chart, S&P 500 versus Gold spot price.
In terms of gold, S&P is at Fall 2008 levels!

Click to enlarge

And here’s the same relationship but with Gold in terms of S&P:

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$GLD Gold ETF Daily Chart

Phantasmix — Wed, 26 Aug 2009 03:05:45 +0000

[[gld]], SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

Inverse head and shoulders (bullish pattern)
Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.

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Trade Update: Covered DGP

Phantasmix — Mon, 12 Jan 2009 18:24:08 +0000

[[DGP]]
Short @ $16.90, Jan 6
Covered @ $15.74, Jan 12

P&L: 6.53%

No doubt gold is going lower, but I’m clearing out as many positions as I can before Friday. Going on vacation.

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Trade Plan: Short Gold

Phantasmix — Tue, 06 Jan 2009 06:06:59 +0000

Trade: either short DGP or long DZZ (favoring short DGP at the moment, this may change)

Trade is based on GLD levels —

Entry: break under $82.50 (bottom of the current sideways channel + bottom Bollinger Band)
First target: $78
Second target: $72.50
Stop: $84.15 (2% above $82.50)
Risk: $1.65
Potential profit: $4.50 (min)

Click charts to enlarge

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Gold and Silver as Stores of Value

Phantasmix — Thu, 31 Jul 2008 04:57:33 +0000

Maybe you’d like to know this…

Historically, silver was used for daily transaction, for smaller amounts; gold – for storing wealth and for larger transaction.

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