Make Kitco Your Homepage

Contributed Commentaries

3 charts from the macro perspective

Jonathan Da Silva

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Commentaries & Views

The gold/silver ratio, DXY and the US 10-year bond yield; regular readers would be familiar with charts of all three dating back to September 2022 (at least).

The below weekly chart shows that rates may still have lower to go – toward the yellow support zone we have shown. Gold may be in the process of sniffing lower rates out already, and stock indices too may be stubborn about falling any lower.

A look at the weekly DXY chart shows it is finally approaching the highlighted support zone we have been showing for months. As of now, the price looks ready to make contact with the bottom Bollinger band, which is directly in the support zone.

And the gold-to-silver ratio shown below on a monthly basis looks ready to make contact with the bottom Bollinger band as well.

Metals bulls have had a relatively unchallenged move up from the bottom in September thus far; participants would do well to anticipate increased volatility (in either direction) as the above shown support levels come into play.

Thanks and have a nice day.

By Jonathan Da Silva

Contributing to kitco.com

Contact jdasilva@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.