( 05/17/13) Panic Gold selling continues. However, the below gold Index ( HUI ) chart displays a percentage decline that now matches the previous big Gold decline, from which a major move Up was born. The below Gold mining chart ( GDXJ ) clearly displays some Gold mining stocks moving Up.

( 05/03/13 ) The precious metals complex staged a powerful rebound, after a big smash down. This is a case of paper Gold giving real Gold whiplash. The major countries, China, India, Russia along with bullion banks continue to buy Gold, so it has not gone out of style yet.



 

Ratio of Gold bullion to U.S.A Dollar

( 12/03/10 ) Our Fed Chief continues to create trillions of U.S. Dollars ( Funny money ).
The investors reaction to the corresponding Decline in the U.S. Dollar is to purchase Hard Assets.
(ie) Gold, Silver, commodities etc. 

The U.S. government has special taxes on Gold. (" It is considered a collectable ") .
For this reason mining stocks (eg) GDX, GDXJ may be preferable.

Check out "Tax Implications Of Owning Gold"
 

Gold and Multiple Time Frames Comment

  

     Gold Index( $HUI) compared to the  S&P500




 
 Gold stocks have  vastly outperformed all major market indices over the past 10 years. But because Gold and Gold stocks exhibit strong local declines, it is difficult to hold. Perhaps, market guru Richard Russell is right when he says " Buy some Gold and forget about it. "



 

Gold Bullion Weekly

 

Gold Miners ( GDXJ)  Ribbon Chart

Below are the  GDXJ stock components, CCP optimization chart and table.  
 This table will be useful only when Gold stocks are in a well defined Uptrend.
       

     


Note: When minus signs appear in the above CCP table a weakening trend is to be expected.




Below are the  GDX stock components, CCP optimization chart and table.  
 This table will be useful only when Gold stocks are in a well defined Uptrend.







     


 It will be critical to monitor the Dollar index as it's movement 
 impacts  all commodities including Gold, Silver and  Oil.

 


 
The Gallery Gold  chart displays Gold(USAGX) in both short and long term time frames.

The Gold Point & Figure chart from the Privateer perhaps is the best chart for determining where Gold is at.