The local market is again hovering near all-time highs. With a hefty amount of resources needed to build and power the massive amount of data centres planned worldwide our resources sector could again be a big influence on the index.
This Sprott uranium fund has stalled at the resistance zone for now. Will it break through next time?
The price of gold has broken above the $US4,000 an ounce level that a few predicted might happen towards the end of this year.
This yearly price gains of gold chart shows what happened back in the 1970’s massive bull market. Will we see 120 per cent gains again?
Gorilla Gold looks to be forming a coiling type pattern, which way will it break?
US listed Iren is a data centre and bitcoin outfit run by two former Macquarie bank boys. It is listed on the US market and has been ripping higher the last few months.
Weebit Nano is back up testing a previous resistance zone.
Lithium mob Liontown is close to moving above the resistance and support zone.
Big energy exporter Woodside looks to be moving up from the lows.
This chart from David Bird shows the US listed GDX (large gold miners) to GDXJ (junior gold miners) ratio has just moved up and out of a sideways consolidation. How far will it go this time?
The Australian Small Ordinaries is moving towards all-time highs as speculation in the mining sector heats up.
One possible interpretation of this silver chart could be that this move is just getting warmed up. After a multi-year pause silver can have 3 good years up and this could be seen as the first.
An interesting price comparison chart shows gold leading the charge ahead of the Vanguard Total Stock index of the US market from an October 2022 starting point. The big divergence in gains started at the stock market meltdown earlier this year.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Cheers Charlie.
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