{"id":17912,"date":"2019-02-25T02:05:25","date_gmt":"2019-02-25T02:05:25","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17912"},"modified":"2019-02-25T02:49:30","modified_gmt":"2019-02-25T02:49:30","slug":"gold-oil-divergence","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/25\/gold-oil-divergence\/","title":{"rendered":"Gold-Oil divergence"},"content":{"rendered":"

The crude oil bounce continues but the primary trend is down. WTI Light Crude (shown here on a monthly chart) is likely to test resistance at $60\/barrel, followed by another test of primary support at $45.<\/p>\n

\"Crude<\/p>\n

Weak crude tends to coincide with a weak gold price. At present the two commodities are diverging, with gold rallying as crude falls. Safe haven demand for gold, due to rising global uncertainty, is the most likely explanation.<\/p>\n

\"Spot<\/p>\n

Spot Gold is testing resistance at $1350\/ounce. Breakout would signal a primary advance but gold is expected to follow oil lower in the long-term.<\/p>\n

\"Spot<\/p>\n

The All Ordinaries Gold Index broke resistance at 5400\/5500, signaling an advance to 7000. Strength of the advance depends on a weaker Aussie Dollar and\/or a stronger gold price in US Dollars.<\/p>\n

\"All<\/p>\n","protected":false},"excerpt":{"rendered":"

The crude oil bounce continues but the primary trend is down. WTI Light Crude (shown here on a monthly chart) is likely to test resistance at $60\/barrel, followed by another test of primary support at $45. Weak crude tends to coincide with a weak gold price. At present the two commodities are diverging, with gold … <\/p>\n

Continue reading “Gold-Oil divergence”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,44,9],"tags":[],"class_list":["post-17912","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-crude-oil-natural-gas","category-gold-precious-metals"],"yoast_head":"\nGold-Oil divergence - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold-Oil divergence - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The crude oil bounce continues but the primary trend is down. WTI Light Crude (shown here on a monthly chart) is likely to test resistance at $60\/barrel, followed by another test of primary support at $45. Weak crude tends to coincide with a weak gold price. 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Weak crude tends to coincide with a strong Dollar. Breakout of the Dollar index above 97 is likely. Rising Trend index troughs indicate buying pressure. Gold is headed\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/14\/gold-theres-life-in-the-old-girl-yet\/","url_meta":{"origin":17912,"position":1},"title":"Gold: There’s life in the old girl yet","author":"ColinTwiggs","date":"July 14, 2017","format":false,"excerpt":"The Dollar Index is in a primary down-trend. Breach of support at 95.50 signals another decline. The long-term target is the 2016 low between 92 and 93. A weakening Dollar and geo-political uncertainty should fuel demand for gold, but gold and silver have both been testing support in recent weeks\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7748,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/16\/gold-and-commodities-fall-while-dollar-and-bond-yields-rise\/","url_meta":{"origin":17912,"position":2},"title":"Gold and commodities fall while Dollar and bond yields rise","author":"ColinTwiggs","date":"May 16, 2013","format":false,"excerpt":"Gold broke the rising trendline and support at $1440\/$1450, indicating another test of primary support at $1320. Target of $1200* for the decline would be confirmed by a breach of primary support. * Target calculation: 1350 - ( 1500 - 1350 ) = 1200 Treasury Yields Ten-year treasury yields broke\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7927,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/19\/gold-falls-while-treasury-yields-rise\/","url_meta":{"origin":17912,"position":3},"title":"Gold falls while Treasury yields rise","author":"ColinTwiggs","date":"June 19, 2013","format":false,"excerpt":"Gold is testing primary support at $1340\/ounce. Breach of support would signal another primary decline, while follow-through below $1320 would confirm. Declining 13-week Twiggs Momentum below zero indicates a healthy primary down-trend. Breach of primary support would offer a target of $1100*. * Target calculation: 1300 - ( 1500 -\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15669,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/08\/04\/gold-responds-to-crude-strength-and-dollar-support\/","url_meta":{"origin":17912,"position":4},"title":"Gold responds to crude strength and Dollar support","author":"ColinTwiggs","date":"August 4, 2017","format":false,"excerpt":"The Dollar Index is testing primary support between 92 and 93. Breach of support would offer a long-term target between 83 and 84* -- a bullish sign for gold. *Target: 93 - ( 103 - 93 ) = 83 Crude continues to test resistance at $50\/barrel. Respect would indicate another\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53615,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/31\/crude-retreats-as-inventories-rise\/","url_meta":{"origin":17912,"position":5},"title":"S&P 500 retreats, along with crude and precious metals","author":"Colin Twiggs","date":"May 31, 2024","format":false,"excerpt":"Treasury yields are trending upwards, as inflation proves persistent, but also driven by the scarcity of foreign buyers in the UST market. Rising Japanese long-term yields, the result of a weak Yen and higher inflation, make Treasuries less attractive to Japanese institutional investors. Geopolitical tensions have also motivated the BRICS,\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-30-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-30-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-30-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17912"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17912\/revisions"}],"predecessor-version":[{"id":17915,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17912\/revisions\/17915"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}