{"id":27970,"date":"2014-06-23T15:14:37","date_gmt":"2014-06-23T19:14:37","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=27970"},"modified":"2014-06-23T15:14:37","modified_gmt":"2014-06-23T19:14:37","slug":"the-real-price-of-gold","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2014\/06\/the-real-price-of-gold\/","title":{"rendered":"The Real Price of Gold"},"content":{"rendered":"

The real<\/em> price of gold, as adjusted by commodities is making some nice baby steps toward rebounding.\u00a0 Here is a picture of the gold ETF vs. certain key commodity ETF\u2019s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull.<\/p>\n

\"gld.dbc\"<\/a><\/p>\n

And then of course there are other notable measures like Gold vs. Stock Markets.\u00a0 Here is the progress vs. SPY and EZU\u2026<\/p>\n

\"gld.spy.ezu\"<\/a><\/p>\n

Recovery would have to start somewhere, and the fledgling moves above show that gold is above the SMA 50 in EZU (Europe) units but still has work to do in SPY units.<\/p>\n

Finally, below is our big picture road map NFTRH has been working to in a) managing risk against the gold bear market and b) not having its analysis shaken out of the fact that the real<\/em> price of gold remains in a secular bull market and thus, so too does gold.<\/p>\n

The long term Gold vs. CCI commodity index has been a core (even the<\/em> core) chart in NFTRH\u2019s biggest picture macro themes including prominently, secular economic contraction.\u00a0 As long as point 4 holds a higher high (to 2), that theme remains a good one.<\/p>\n

\"au.cci\"<\/a><\/p>\n

NFTRH was the first that I knew of to talk about a bullish economic phase in early 2013 when most people were under their respective rocks hiding as law makers went through the dreaded Fiscal Cliff Kabuki Dance.\u00a0 That was due to industry information I had about the Semiconductor equipment sector and also due to indicators like the Palladium-Gold ratio (ref. 1st chart above).\u00a0 But the chart directly above paints said recovery (post-2011) as a counter trend economic up cycle within an ongoing cycle of economic contraction.<\/p>\n

Why do policy makers continue to fight the good inflationary fight?\u00a0 Why, look no further than this chart.\u00a0 Gold rising vs. the things of positive economic correlation indicates an ongoing phase of global economic contraction.<\/p>\n

If you would like to get with the service that got it right and kept it right all through the bear market but maybe find some of the concepts confusing (they are<\/em>, considering that the concepts are quietly presented against high levels of noisy analysis out there across the macro markets) just drop me a line for more detailed explanation any time after you subscribe.<\/p>\n

I am going to make a concerted effort to be very clear in explaining the why\u2019s and why nots about what lay ahead.\u00a0 2014 was identified in NFTRH<\/a> as a time for a \u2018Macro Pivot\u2019 and when the macro pivots, you definitely want to be on the right side of coming events.<\/p>\n

Biiwii.com<\/a> | Notes From the Rabbit Hole<\/a> | Free eLetter<\/a> | Twitter<\/a><\/p>\n

Subscribe to NFTRH Premium<\/a> for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart\/trade ideas!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding.\u00a0 Here is a picture of the gold ETF vs. certain key commodity ETF\u2019s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull. And then […]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1840,6483,4273,6484,23,2069,6482,5092,4785],"class_list":["post-27970","post","type-post","status-publish","format-standard","hentry","category-general","tag-biiwiicom","tag-cci-commodity-index","tag-gary-tanashian","tag-global-economic-contraction","tag-gold","tag-gold-charts","tag-gold-vs-stock-markets","tag-nftrh","tag-notes-from-the-rabbit-hole"],"yoast_head":"\nThe Real Price of Gold - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2014\/06\/the-real-price-of-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Real Price of Gold - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding.\u00a0 Here is a picture of the gold ETF vs. certain key commodity ETF\u2019s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull. 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