ridethepig | Gold & the "Santa Rally"

ที่อัปเดต:
Uncertainty around reflationary fears will add upside risks to prices in Gold for 1H20. Gold remains bid since the start of November, despite risky assets continuing to gain ground. CB's have been buying 20% of the Gold supplies, the same rate circa Nixon era, all whilst mainstream media paints the geopolitical landscape with a more constructive backdrop, any signs of complacency or gusts of wind from risk will likely drive more flows on the demand side in Gold from retail.

We are finally getting the breakout:

Gold Institutional Flows


ridethepig | Gold One Last Look


As widely covered here before, the physical Gold market remains incredibly resilient and first targets come into play at 1595:

1600 within reach for Gold


Expecting another relative breakout versus S&P in 1H20:

Relative breakout vs S&P will be a game changer!


On the mining side :

ridethepig | Gold Miners Breaking Out!


Homerun 2020 Trade - Long $ALTA


Yields:

ridethepig | US 2s5s Curve Screaming Recession in 2020


ALPHA PROTOCOL: SEEKING IMMEDIATE EXTRACTION


For those tracking the end of year positioning flows for 2020 Q1, reflationary risks are around the corner!! After months of choppy waters , finally bulls are emerging from beneath the woodwork as we begin the flows towards 1650. I stick to my average forecast of $1650 and expect Gold to hit $1595, $1650 and $1800 on a 6, 12 and 24m basis. This is my final target in the 5 wave swing, afterwards I will expect Gold to enter in consolidation via profit taking.

Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.




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Well done bulls !!!

A flawless leg higher right on time for Christmas. Enjoy the holidays, business resumes on Thursday NY session. We have lots to cover with a busy 2020 ahead both marketwise and on ridethepig front.
บันทึก
Alarm bells ringing in Bund yields, while smart money continues to bid Gold and smells the reflationary risks around the corner.
ridethepig | Bund Yields & Rate Differentials
บันทึก
Simple flows here so far... well done all on the buy side
บันทึก
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We got there...!!
Beyond Technical Analysisgc1GC1! (Gold Futures)gc1!longgc1!shortGoldridethepigTrend AnalysisWave AnalysisXAUXAUUSDGOLD/SILVER

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