{"id":2870,"date":"2010-10-08T04:45:26","date_gmt":"2010-10-08T08:45:26","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=2870"},"modified":"2010-10-08T04:35:18","modified_gmt":"2010-10-08T08:35:18","slug":"gold-and-silver-almost-parabolic","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/","title":{"rendered":"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up"},"content":{"rendered":"<p>Talk of <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/09\/26\/safety-currency-please-stand\/\">currency wars<\/a> have heated up as several events have converged to make the public increasingly aware of the on-going competitive devaluations around the globe. The increasing clamor came ahead of an IMF meeting Thursday and a G7 meeting this weekend where the topic of global trade and currency rates are hot topics. It is probably no coincidence that gold and silver started to go parabolic ahead of these meetings. The euro&#8217;s test of the 1.40 level against the U.S. dollar seemed to be a sufficient catalyst to cool off the rocket fuel quickly and abruptly. Even oil reversed sharply on Thursday. These moves have created &#8220;<a href=\"http:\/\/stockcharts.com\/school\/doku.php?id=chart_school:chart_analysis:candlestick_bearish_#bearish_engulfing\">bearish engulfing<\/a>&#8221; patterns which typically signal the end of a rally. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_2872\" aria-describedby=\"caption-attachment-2872\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg\" alt=\"Gold stopped short of going parabolic\" title=\"Gold stopped short of going parabolic\" width=\"525\" height=\"450\" class=\"size-full wp-image-2872\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD-300x257.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2872\" class=\"wp-caption-text\">Gold stopped short of going parabolic<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_2873\" aria-describedby=\"caption-attachment-2873\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_SLV.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_SLV.jpg\" alt=\"Silver stopped short of going parabolic\" title=\"Silver stopped short of going parabolic\" width=\"525\" height=\"450\" class=\"size-full wp-image-2873\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_SLV.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_SLV-300x257.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2873\" class=\"wp-caption-text\">Silver stopped short of going parabolic<\/figcaption><\/figure><br \/>\n<br \/>\n<\/center><\/p>\n<p>I show charts for gold and silver ETFs (SPDR Gold Shares ETF and iShares Silver Trust ETF) to highlight the confirming high level of selling volume. <\/p>\n<p>I used the euro&#8217;s test of the 1.40 level against the U.S. dollar as a trigger to trim positions. Parabolic moves typically signal the end of a rally as the final skeptics and last buyers try to hop on a trend, so Tuesday and Wednesday&#8217;s moves put me on alert. I am now expecting some kind of correction that will cool things off and provide the next buyable dip (I will weight silver more than gold as <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/09\/28\/slv-healthy-rally\/\">silver&#8217;s rally looks particularly good<\/a>). If I am wrong and the locomotive continues running from here, then I will ride with my remaining positions. Interestingly, the dollar index is also testing an uptrend line from the 2008 lows. A break below this trendline will signal a likely retest of the 2009 lows in short order (and next the 2008 lows). A successful bounce from this trendline could send the dollar hurtling right back to the 200DMA resistance.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_2875\" aria-describedby=\"caption-attachment-2875\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0-weekly.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0-weekly.jpg\" alt=\"Can the dollar survive the next test of support?\" title=\"Can the dollar survive the next test of support?\" width=\"525\" height=\"312\" class=\"size-full wp-image-2875\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0-weekly.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0-weekly-300x178.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2875\" class=\"wp-caption-text\">Can the dollar survive the next test of support?<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The daily close-up shows once again <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/08\/03\/critical-juncture-for-usd\/\">how important the 200-day moving average (DMA) is in flagging the next major direction for the dollar<\/a>.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_2876\" aria-describedby=\"caption-attachment-2876\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0.jpg\" alt=\"The breakdown from the 200DMA has been swift and unrelenting\" title=\"The breakdown from the 200DMA has been swift and unrelenting\" width=\"525\" height=\"311\" class=\"size-full wp-image-2876\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_DXY0-300x177.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2876\" class=\"wp-caption-text\">The breakdown from the 200DMA has been swift and unrelenting<\/figcaption><\/figure><br \/>\n*<strong>All charts created using TeleChart:<\/strong> <a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\"><img decoding=\"async\" src=\"http:\/\/www.worden.com\/Content\/Banners\/images\/88x31.gif\"><\/a><br \/>\n<\/center><br \/>\n<\/p>\n<p>The news on currency wars has picked up lately as <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/press\/monetary\/20100921a.htm\">the Federal Reserve has promised to rain more dollars on the American economy<\/a> (confirmed by subsequent statements from Fed members), and <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/09\/15\/boj-saves-the-dollar\/\">the Bank of Japan (BoJ) has directly intervened in the currency markets<\/a> for the first time since 2004. On Thursday, <a href=\"http:\/\/www.cnbc.com\/id\/39566546\">the BoJ promised to remain active in the currency markets<\/a> even as <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/10\/02\/federal-reserve-1-bank-of-japan-0\/\">it lost the first round of battle with the Fed<\/a>.<\/p>\n<p><a href=\"http:\/\/www.google.com\/trends?q=currency+war&#038;ctab=0&#038;geo=us&#038;geor=all&#038;date=all&#038;sort=0\">Google trends<\/a> show a recent surge in searches in the United States on &#8220;currency wars&#8221; that has reached previous peaks. News reference volume has surged higher than those previous peaks. The even larger spike in searches in 2004 coincided with Japan&#8217;s last intervention.<\/p>\n<p><center><br \/>\n<a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleTrends_CurrencyWar.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleTrends_CurrencyWar.jpg\" alt=\"Searches on &quot;currency war&quot; soar along with news reference volume\" title=\"Searches on &quot;currency war&quot; soar along with news reference volume\" width=\"525\" height=\"293\" class=\"size-full wp-image-2879\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleTrends_CurrencyWar.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleTrends_CurrencyWar-300x167.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><br \/>\n<\/center><br \/>\n<\/p>\n<p><a href=\"http:\/\/news.google.com\/archivesearch?q=currency+war&#038;scoring=a&#038;sa=N&#038;sugg=d&#038;as_ldate=2010&#038;as_hdate=2011&#038;lnav=hist5\">Google&#8217;s news archives for articles referencing &#8220;currency war&#8221;<\/a> have actually been higher in previous years. Not surprisingly, the 30s and 40s were peak years for these kinds of news stories.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_2880\" aria-describedby=\"caption-attachment-2880\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleNewsArchives_CurrencyWar.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleNewsArchives_CurrencyWar.jpg\" alt=\"News articles on currency wars have been higher in previous years\" title=\"News articles on currency wars have been higher in previous years\" width=\"525\" height=\"194\" class=\"size-full wp-image-2880\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleNewsArchives_CurrencyWar.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GoogleNewsArchives_CurrencyWar-300x110.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2880\" class=\"wp-caption-text\">News articles on currency wars have been higher in previous years<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Despite all this commotion, John Lipsky, the IMF&#8217;s first deputy managing director, <a href=\"http:\/\/www.cnbc.com\/id\/15840232?video=1609557063&#038;play=1\">insists that no currency wars exist and that it is the media fanning the flames of conflict<\/a>.  Such denial makes me more confident that no material change will come out of the IMF or G7 meetings. It will be devalue as you were with the lingering question being what is the market&#8217;s relative appetite for buying\/selling devaluing currencies?<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long GG; USO (along with a covered call); long and short a basket of positions focused on a bearish bias on the yen, bearish on the euro, bullish the Australian dollar, and bullish the pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk of currency wars have heated up as several events have converged to make the public increasingly aware of the on-going competitive devaluations around the globe. The increasing clamor came ahead of an IMF meeting Thursday and a G7 meeting this weekend where the topic of global trade and currency rates are hot topics. It &#8230; <a title=\"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[199,20],"tags":[200,24,433,432,431,115,25,354,284],"class_list":["post-2870","post","type-post","status-publish","format-standard","hentry","category-commodities","category-forex","tag-gld","tag-gold","tag-imf","tag-international-monetary-fund","tag-ishares-silver-trust-etf","tag-monetary-policy","tag-silver","tag-slv","tag-spdr-gold-shares"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold and Silver &quot;Almost&quot; Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold and Silver &quot;Almost&quot; Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Talk of currency wars have heated up as several events have converged to make the public increasingly aware of the on-going competitive devaluations around the globe. The increasing clamor came ahead of an IMF meeting Thursday and a G7 meeting this weekend where the topic of global trade and currency rates are hot topics. It ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2010-10-08T08:45:26+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up\",\"datePublished\":\"2010-10-08T08:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/\"},\"wordCount\":698,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/10\\\/101007_GLD.jpg\",\"keywords\":[\"GLD\",\"gold\",\"IMF\",\"International Monetary Fund\",\"iShares Silver Trust ETF\",\"monetary policy\",\"silver\",\"SLV\",\"SPDR Gold Shares\"],\"articleSection\":[\"Commodities\",\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/\",\"name\":\"Gold and Silver \\\"Almost\\\" Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/10\\\/101007_GLD.jpg\",\"datePublished\":\"2010-10-08T08:45:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/10\\\/101007_GLD.jpg\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/10\\\/101007_GLD.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/10\\\/08\\\/gold-and-silver-almost-parabolic\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold and Silver \"Almost\" Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/","og_locale":"en_US","og_type":"article","og_title":"Gold and Silver \"Almost\" Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets","og_description":"Talk of currency wars have heated up as several events have converged to make the public increasingly aware of the on-going competitive devaluations around the globe. The increasing clamor came ahead of an IMF meeting Thursday and a G7 meeting this weekend where the topic of global trade and currency rates are hot topics. It ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2010-10-08T08:45:26+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up","datePublished":"2010-10-08T08:45:26+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/"},"wordCount":698,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg","keywords":["GLD","gold","IMF","International Monetary Fund","iShares Silver Trust ETF","monetary policy","silver","SLV","SPDR Gold Shares"],"articleSection":["Commodities","Forex"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/","url":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/","name":"Gold and Silver \"Almost\" Go Parabolic As Currency Wars Heat Up - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg","datePublished":"2010-10-08T08:45:26+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/10\/101007_GLD.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/10\/08\/gold-and-silver-almost-parabolic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Gold and Silver &#8220;Almost&#8221; Go Parabolic As Currency Wars Heat Up"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=2870"}],"version-history":[{"count":13,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2870\/revisions"}],"predecessor-version":[{"id":2886,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2870\/revisions\/2886"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=2870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=2870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=2870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}