posted by gfx filed under Technical analysis,
gold
The Japanese Yen and Swiss Franc are both considered to be safety currencies. The Swissie, especially, is also positively correlated to gold.
That's why its significant that the Yen looks like it is in the beginning stages of a significant uptrend against the Swissie.
MarketClub scores the JPYCHF at +90 (on a scale of -100 to +100) for its mid-term technical outlook.
MarketClub
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posted by gfx filed under gold
MarketClub's technical analysis scores are a perfect way to determine objectively whether markets are performing strongly or not.
The table below shows the technical analysis scores for a host of gold and gold-related stocks, including gold majors and junior gold miners, as well as spot gold. Numbers can't lie. Gold is hot hot hot, even though the broad Reuters/Jefferies CRB Index
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