Category Archives: PHYS

PHYS – 07 Feb

Physical gold is the very best way to gain exposure to gold as an investment. Traders will likely choose something else for liquidity purposes to attain leverage. Something like GLD or some other leveraged gold vehicle makes a lot of … Continue reading

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Gold – 2 Nov (intraday)

My intraday gold proxy is Sprott’s Physical Gold Trust PHYS and it shows the strength gold is exhibiting today. It was my hope yesterday that we would see follow through today as gold throws off the weak hands and flows … Continue reading

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Gold – 4 Oct

The typical pattern is holding in gold where price rises in the East and promptly falls on the open in London and later in New York. The flow of gold from West to East continues and shortages of physical are … Continue reading

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Gold Final Update – 22 Sep

I thought gold held up relatively well considering the carnage in the rest of the markets. Actually it was rather a standard big red candle on the chart and volume was mediocre. The good news is that 1705 held and … Continue reading

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Gold Update – 22 Sep

Gold is off sharply at the open of the Crimex. As I post this, gold is trading at 1733. So the swing low at 1765 has been taken out and the 45 day moving average as well. The critical number … Continue reading

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Gold – 21 Sep

Gold went essentially nowhere today and nothing was resolved on the chart. The FOMC announcement was a dud and offered nothing as far as surprises go. The stock market was not pleased that there was no new money being injected, … Continue reading

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Gold – 20 Sep

Gold closed up on an inside day and is again above 1800. If we have follow through tomorrow and do not take out 1775 to the down side, we will have a higher low on the chart that was made … Continue reading

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Gold – 19 Sep Update

Shortly after I wrote and posted the gold charts yesterday the Evil Empire once again orchestrated one of their famous pre-FOMC attacks to bring gold down. This helps their cause, to hide, because anything that comes from the meeting is … Continue reading

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Gold – 19 Sep

Gold closed up on a solid white candle Friday after establishing a lower low. The pattern is clearly tracing out a downtrend defined by a lower high and a lower low. Price also remains below the 18 day moving average … Continue reading

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Gold – 16 Sep

Gold broke down below critical support at 1794, but rallied and finished just below the critical level and closed at 1793. That is too close to say that support has failed, but a lower low was definitely set on the … Continue reading

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