• 4 days Earnings Season Might Bring Relief to Battered Tech Sector
  • 6 days Banking Stocks Could Be Set For Another Bumper Year
  • 7 days Crypto Mining Migration Continues As Bans Line Up
  • 8 days The Meme Stock Craze Could Lose Out to Crypto
  • 11 days Banking Sector Booming As Stock Market Lags
  • 12 days Has Bitcoin Stopped Bleeding? Some Analysts Seem To Think So
  • 12 days Amazon ‘Competitor’ Charged With Crypto Fraud Scheme
  • 13 days As Competition Heats Up, Cable TV Mega-Merger Revived
  • 14 days China’s Road To Tech Independence
  • 19 days 3 Major Bearish Catalysts For The U.S. Economy In 2022
  • 21 days VR Industry Boomed During Holiday Season
  • 21 days 3 Global eCommerce Brands Have Overtaken Amazon
  • 22 days Another Banner Year for Billionaires
  • 26 days Top 3 Predictions For Bitcoin In The New Year
  • 28 days China Moves To Tighten Rules For Companies Looking To List Abroad
  • 29 days Fake Reviews Go All The Way To The Top
  • 35 days Airlines Want The Government To Ditch Emergency Testing For Covid-19
  • 36 days The Service Robot Industry Is Booming
  • 40 days The 3 Biggest Market Risks In 2022
  • 50 days DIDI Delisting Is A Worrying Sign For Investors Holding Chinese Stocks
Mary Anne & Pamela Aden

Mary Anne & Pamela Aden

Mary Anne and Pamela Aden are internationally known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts on gold, gold shares…

Contact Author

  1. Home
  2. Markets
  3. Other

Big Picture: Most Important

With gold again on the decline, it's time to take a look and focus on gold's big picture.

This eases a lot of doubt, especially when companies like Goldman Sachs are bearish on commodities. We'll focus on silver and palladium too.


GOLD: Still looking good

Looking at gold's big picture since 1968, you'll see what we mean.

Chart 1A shows that gold's decline of the last few years looks small in the big picture, within the mega uptrending channel since 1968.

Note that gold has had two major bull markets, in the 1970s and in the 2000s.

The major rise in the 70s didn't break its bull market red uptrend until several years after the peak in 1980.

The bull market red uptrend since 2001, however, is still intact. On a big picture basis, it'll be important to see if this trend holds.

That is, as long as gold stays above the lows of last year, at $1210, this trend will stay solid.

And according to gold's leading long term indicator (B), it's extreme low area...

Since these low areas tend to coincide with bottoms in the gold price, this tells us that gold is totally bombed out and the lows of last year are unlikely to be broken.

All things considered, it increasingly looks like 2015 could be the year of a strong change to the upside.


SILVER: Big Picture is bullish

Silver is similar to gold (see Chart 2). It's still in a major uptrend since 2002 within an almost 50 year uptrending channel. And its leading indicator is similar to gold's.

Silver tends to outperform gold when both are bullish. So once gold starts rising in earnest, silver could then make up for lost time.


PALLADIUM: In its own league, but also leading

Palladium has risen 21% this year. It's clearly one of our star performers.

It's actually been in a perfect storm type of situation this year (see Chart 3).

Palladium is produced by Russia and South Africa. The ongoing tensions in Russia and uncertainty have been keeping palladium strong. The long strike in South Africa gave the extra push upward.

Palladium's big picture is bullish. The chart shows palladium approaching its 2001 record high area, as it continues heading towards the top of its 44 year upchannel.

Its leading indicator also backs up a bullish scenario. Technically and fundamentally, palladium is set to rise much further.

You want to stay onboard! For now, that goes for gold and silver too.

 

Back to homepage

Leave a comment

Leave a comment