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fib_1618

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Reply with quote  #1 
Interesting juncture right now with the price of gold, measured in Canadian Dollars, British Pounds and Euros, is challenging its longer term rising bottoms lines from the 2005 price lows on a monthly basis. We also see that gold, priced in Australian Dollars, has completed a technical snapback to what was previously this same rising trend time measurement. Gold, priced in Japanese Yen, continues to show the best global strength suggesting that monetary policy there remains highly accomodative.

Fib

[monthlygold091115]


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doc

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Reply with quote  #2 
Recognizing these differences in gold priced in other currencies, Dennis Gartman has formulated two gold ETFs, one price in EUR and one in YEN. They as expected have outperformed gold priced in USD since inception in Feb 2014 with GEUR up 4.1% during that time and GYEN up 2.2 while GLD itself is down over 12%!

GEUR had been the better one year to date in 2015. Here they are. They are not as liquid of course and more intended for intermediate term trading:

Closing NAVs for the AdvisorShares Gartman Gold ETFs:

GEUR (Long gold/short EUR) $12.37 +.20  +1.6% 

GYEN (Long gold/short Yen) $12.36 +.22  +1.8%

Year to date performance:

Gold ETFs: Year-to-date as of Friday Sept 18, 2015:

GEUR       + 1.52%

GYEN        - 4.35%

GLD          - 3.85% 

All the best,
Doc


 

  

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