[pcabc]

MArket breadth

US:
       
       
       

UK:
       
   

Precious metals:
       
   

I need to check to see if PHAU.L is referenced back to GBP.

[malaguti]

I need to check to see if PHAU.L is referenced back to GBP.

PHAU base currency is USD

[pcabc]

I need to check to see if PHAU.L is referenced back to GBP.

PHAU base currency is USD

The chart for PHAU.L seems to match that of PHGP.L but not the US based GLD, and appears to have the jump in it due to the drop in the USD / GBP exhange rate which has got me wondering.

[pcabc]

My own breadth calculations for steel (mainly US):
   

[isatrader]

As I've highlighted in the past, Silver has a strong correlation with gold, but during the gold bull markets in the last 20 years it has outperformed gold each time, as you can see from the attached long term P&F charts of the gold/silver ratio.

As you can see from the P&F ratio charts, Silver broke out in June against Gold, which if you compare to the past is good sign for continued outperformance versus gold. So on the next decent pullback, Silver is the stronger place to get in than gold imo.

       

[pcabc]

As I've highlighted in the past, Silver has a strong correlation with gold, but during the gold bull markets in the last 20 years it has outperformed gold each time, as you can see from the attached long term P&F charts of the gold/silver ratio.

As you can see from the P&F ratio charts, Silver broke out in June against Gold, which if you compare to the past is good sign for continued outperformance versus gold. So on the next decent pullback, Silver is the stronger place to get in than gold imo.

Given how extended it is v the moving average I'm wondering whether to sell half my position if it drops below 14 so I can get back in lower. Or if that does not work on the new breakout. In a similar position on some miners. (Good problem to have!)
   

[isatrader]

Attached is the updated Momentum Indexes for the NYSE, Nasdaq

       

[isatrader]

Attached is the updated UK Momentum Index chart.