• 811 days Will The ECB Continue To Hike Rates?
  • 811 days Forbes: Aramco Remains Largest Company In The Middle East
  • 813 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,213 days Could Crypto Overtake Traditional Investment?
  • 1,218 days Americans Still Quitting Jobs At Record Pace
  • 1,220 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,223 days Is The Dollar Too Strong?
  • 1,223 days Big Tech Disappoints Investors on Earnings Calls
  • 1,224 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,226 days China Is Quietly Trying To Distance Itself From Russia
  • 1,226 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,230 days Crypto Investors Won Big In 2021
  • 1,230 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,231 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,233 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,234 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,237 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,238 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,238 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,240 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Gold v. Currencies v. Gold Sentiment

Figure 1 is a weekly chart of gold (cash data) through last week's close. The indicator in the middle panel measures gold's 52 week performance relative to a basket of 8 currencies.Those currencies are: 1) Australian Dollar; 2) Canadian Dollar; 3) Swiss Franc; 4) Eurodollar; 5) British Pound; 6) Singaporean Dollar; 7) Japanese Yen; 8) US Dollar. Relative to these currencies, gold has been outperforming, and the indicator is making new all time highs versus this basket of currencies.

Figure 1. Gold v. Currencies v. Sentiment

The data in the lower panel comes from the Market Vane Corporation, which publishes the Bullish Consensus.The value is approaching but not at prior extremes. The current value is at 88%. Recent tops occurred with the value above 90%. From a sentiment perspective, extremes have yet to be realized.

 

Back to homepage

Leave a comment

Leave a comment