Home Prices Vs. Gold

On April 23, chartoftheday.com had an interesting chart, shown below, that compares the median home price vs. the price of Gold: Traditionally, houses have been viewed as “hard assets.”  However, as one can see above, their recent (from a long-term historical perspective) price pattern seems more geared to that of a “paper asset” – i.e. …

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Gold And Gold Stocks

I have made various comments about Gold over the last few months. One aspect during Gold’s price increase that I have noted as disconcerting is the relative lagging performance of the Gold stocks.  I use the HUI index as a proxy for Gold stocks. As one can see on the daily chart below, the Gold …

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Two Other Views Of The Gold Price

I find a periodic review of Gold’s price relative to the Dow Jones Industrials’ and to Crude Oil’s interesting. Below is a long-term monthly chart of the Dow Jones Industrial Average price relative to that of Gold’s.  As one can see, Gold has been outperforming since roughly 2001, after underperforming from roughly 1981-2000: chart courtesy …

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Another Thought On Gold

A November 20 Wall Street Journal article stated that Gold’s January 1980 record high would have an inflation-adjusted equivalent of $2,290/oz. I find it amazing  that even after the long parabolic rise we have seen in Gold since 2001, we are still far short of that inflation-adjusted price.  On an “all things considered” basis one …

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Is Gold Experiencing A Bubble?

One of the questions that frequently arises with Gold’s recent strong performance is “Is Gold in a bubble?” Before I make some comments concerning this question, here is a long-term monthly chart of Gold for reference: Chart Courtesy of StockCharts.com   Anytime a security acts as strongly as Gold has, it is natural to suspect …

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Gold And XLF

One of the charts that I follow is the ratio of Gold to XLF.  As XLF is a prominent ETF of the financial stocks, it can serve as a proxy to “paper assets.” While I think it is difficult to make concrete conclusions based upon the Gold:XLF chart, I think it does provide a “feel” for …

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A Few Comments About Gold

Gold’s recent price performance has been very strong. There are, however, quite a few indicators that, from a historical perspective, seem to disconfirm Gold’s current price, which as I write this is $1101 for the December futures contract. One of the factors that seems to be speaking against Gold is the lagging performance of the HUI …

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Gold Below $1000

With Gold now below $1000, I would like to call attention to a post of September 4 titled “Gold and Implications.”  Here is the link: https://www.economicgreenfield.com/2009/09/04/gold-and-implications/ I think that Gold below $1000, after having failed to hold above this level, is very significant. Also significant is the number of people who have been predicting a …

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Gold And Implications

The strong price action of gold lately has been interesting. As seen in the two-year daily price chart below, the $1000 level has been a pivotal area: Chart Courtesy of StockCharts.com For a variety of reasons I am closely watching whether this $1000 price level will be surpassed.  I am under the impression, due to …

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