Crude Futures Weekly Chart

Gold and Silver Spike

Thinking still about warning signs, GC_F (Gold Futures) have spiked 1% in the last 30 minutes. Gold is nearing it’s all time high of $1900. Remember the paranoia? The talk of a bubble? We are not hearing any of that now.

Why the spike on no news? It’s hard to say, but either big buying or safe buying. If it were safety plays you would see an inverse relationship in the equity markets, which you don’t. So it’s a big buyer (or buyers).

Three charts which are playing contrary to the market:

Crude Futures CL_F

Crude Futures Weekly Chart

Silver Futures SI_F

Silver Futures Chart

Gold Futures GC_F

Gold Futures Chart