Goldtent TA Paradise

DXY GC Spread and DXY HG Spread

1. Northstar says:

   March 25, 2019 - 3:34 pm at 3:34 pm

   Looks a good correlation.

2. Paul says:

   March 25, 2019 - 5:20 pm at 5:20 pm

   Thanks Red Label,
   Really interesting charts.
   But I have a wee problem, in fact two.
   1. What do you mean precisely by “DXY GC Spread” and “DXY HG Spread” ??
   2. What instruments best express point 1.

   BTW, I have spent a half-hour trying to figure out your charts, ie. DUE DILIGENCE.

   I can only find one instrument at Trading View that matches your description:
   That is “GC” which stands for Comex Gold Futures.
   Meanwhile at Trading View “DL” stands for dollar futures on the freakin Israeli Stock Exchange !!

   With respect, you’ve been “kicking a [good] idea around for a while”, and posted two VERY interesting charts showing tremendous (and valuable) correlation between HUI/ Freeport and some sort of “spread”. But you haven’t in any way explained what you’ve posted.

   Given that thousands of traders will see your chart and note the very interesting correlation, there’s a strong chance that a small to significant percentage of same will try to do some due diligence on your charts as well – much in the same way as I describe above. Which means that you may well be on the point of wasting hours of the Gold Tent’s collective time in trying to figure out the wee two problems you have posed !!

   Again, IN FRIENDSHIP & WITH RESPECT, do please help us figure out just what your (evidently good) idea is all about.
   Many thanks in advance, and please don’t be upset by my forthrightness.
   Peace, success, out: P

   • red label says:

     March 25, 2019 - 9:00 pm at 9:00 pm

     Here you go Paul

     GC1! is Gold Futures on Trading View
     HG1! is Copper Futures on Trading View

     Try this;

     The bottom chart for example

     (Copper Futures – Copper Futures * DXY/100) the equation is HG1!-HG1!*DXY/100
     Compared to Freeport FCX

3. Paul says:

   March 25, 2019 - 6:09 pm at 6:09 pm

   OK Red Label,
   So now I’ve found your ‘manipulation theory’ in the sidebar here
   https://goldtadise.com/?p=440184
   Perhaps you can, in future, refer to that – ie. help bring the profane up to speed with your formula.
   Peace, success, out: P

4. red label says:

   March 25, 2019 - 9:11 pm at 9:11 pm

   The term spread is the difference of say Gold Futures compared to Gold Futures adjusted for the the value of the DXY in percent……

   Example if Gold is $1300 but the DXY is 90 is the value actually $1300 or should it be 1300*90/100=$1170? The spread would be $130……If Gold is $1500 but the DXY is 70 is the value actually $1500 or should it be 1500*70/100=$1050? The spread would be $450….when the DXY goes above 100 the spread inverts fwiw….

5. red label says:

   March 25, 2019 - 9:36 pm at 9:36 pm

   It comes back to the premise of looking at and evaluating $US denominated charts, especially long term charts, without putting any weighting on the value changes of the $US during the same period…..

6. Fullgoldcrown says:

   March 26, 2019 - 12:08 am at 12:08 am

   Why not just analyse $GOLD:$USD ?

   • red label says:

     March 26, 2019 - 12:50 am at 12:50 am

     What are you invested in Physical Gold or HUI?

     How much Copper Bullion you got buried in your backyard Fully.

     The price of Bullion has gone from $275 to $1300 what has the HUI done? Since 2000ish