The Chinese Yuan vs Gold. How Correlated Are They?

I’ve seen a number of articles lately from various sources stating that essentially the Chinese government is now in full control of the price of Gold. Admittedly, from mid-June through mid-August of this year, the price of gold moved . .

Is Gold’s Historical Correlation with the Australian Dollar and Swiss Franc Predictive?

Is Gold’s Historical Correlation with the Australian Dollar and Swiss Franc Predictive? Historical Price movement in Gold is quite similar to price action in the Australian Dollar, especially since late-2008. Gold is also highly correlated with the Swiss Franc, especially since mid-2013. Recently, notice that during Gold’s April-August plunge, the Swiss Franc moved sideways. Then, in mid-August, the Swiss Franc stopped basing and started moving strongly to the upside. Gold has also moved upward since mid-August, although it has lagged the Swiss Franc in aggressiveness. Now let’s look at the AUD/USD currency pair from an Elliott Wave and Hurst Cycles perspective, first on a weekly chart.

A Chartist’s View of New Gold Inc. (ticker NGD)

New Gold Incorporated is a mid-tier gold mining company with mining operations in Canada, the U.S. and Mexico.  NGD stock made its all-time low of 74 cents per share in December 2008, and its all-time high of $14.15 per share in September 2011.  New Gold is one of the holdings in the two most popular gold mining ETF’s, GDX and GDXJ.  Its annual revenue is currently about $725 million.  Let’s examine a chart of NGD starting at the 2011 high from a technical point of view.