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HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
02-07-12 01:58 PM
US Bonds & Gold/USD are the strongest correlated marketes i know.
I never have seen anything more correlated than this.
Not even the Stock Indices and Gold are so strong correlated.
So if the correlations are worth anything, then the falling Bonds should push Gold to test the last highs on the Weekly chart, maybe its attacking the overall high.
Money can only do one thing, go in Bonds or go Gold. One goes up and the other down.
 gold - weekly.jpg
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ammo
Registered: Feb 2007
Posts: 18258 |
02-07-12 02:02 PM
those wide spots are where the most trades took place,so it stops there as the left over longs or shorts cover for a scratch ,if there are enough it will change direction,if not,once exhausted and out of the way it will continue to the next spot, the narrow is a gap fill mentality
 2012-02-07-tos_charts.png gc 2.png
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HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
02-07-12 02:17 PM
Well, how i see this here, is........
Bonds go down for sure this month, so Gold goes up, thats a natural law.
The question is only how far will it go up in february and when does it start.
This week in Gold we have a little bearish bar or an inside bar, you will see at the end of the week.
But i am sure it will not start the move this week.
Next week probably.
Now, Bonds, seem to go down.
I am fascinated and looking forward to see where goes the money flow, i love this correlations.
PEACE
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HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
02-07-12 04:02 PM
Quote from ammo:
those wide spots are where the most trades took place,so it stops there as the left over longs or shorts cover for a scratch ,if there are enough it will change direction,if not,once exhausted and out of the way it will continue to the next spot, the narrow is a gap fill mentality
While we are talking about the big moves, this was a quick easy small move trade.
But now, it seems it starts this week and as we both know, correlated markets do move at the same time.
So Bonds are leading Gold, right now, IMO.
gold quick.jpg
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