Willem Weytjens

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Dow-to-Gold and Greece-to-Gold

In this article we will discuss different ratios, including the important DowJones-to-Gold ratio, but also a special ratio which we will discuss below. Let’s start with the DowJones-to-Gold ratio. When you see the following chart, you will probably be convinced that the Dow-to-Gold ratio has a long way to go before bottoming. Since 1900, the … Continue reading

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Gold headed to $5,000 per ounce?

After writing an article about the Platinum-to-Gold ratio, I decided to do more with the excel sheet, like calculating correlations and plotting the price charts for example.

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Gold-Long Term Technical Picture

Today I had a look at one of the charts I created a long long time ago (in late 2008). I was amazed by the accuracy of the lines I drew back then. I drew Fibonacci levels from the bottom in 1976 (100$)=0.00% and assumed the highest close of 1980 (834$) would be the 50% … Continue reading

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Silver and Miners- Whats Next?

Silver has formed a (temporary?) bottom, and looks now headed towards $40-$41. First resistance will be the 38.20% fibonacci retracement level as well as the 50 days Moving Average, which are located near $39. (see second chart below) Next resistance will be found around $41, which is the 50% Fibonacci retracement level and  a Fibonacci Fan … Continue reading

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