​"...the White House’s actions are not helping U.S. trade because they are fueling the dollar (USD)... now at a 16-year high in real effective terms." "...we’re less bullish about the loonie’s (CAD's) longer term prospects given Canada’s chronic external deficit and the way it is financed." National Bank of Canada, DEC 2019
chpc.biz
  • Home
  • Chart Book
    • 6 Canadian Metros
    • Vancouver Housing
    • Calgary Housing
    • Toronto Housing
    • Compare Toronto & Vancouver
    • Housing Price Momentum
    • Real Price of Housing
    • Sales Listings
    • MAR-MOI
    • TSX Indexes
    • Millionaire Metric
    • Real Price of Gold & RE
    • Canadian Housing in USD
    • Bitcoin Gold & RE
    • Housing Starts
  • Plunge-O-Meter
    • Real Interest Rates
    • Real 10yr Rate
    • Interest Rate Spread
    • Yield Curve
    • Yield Calculator
  • Earnings Employment
    • Household Debt
    • Affordability
    • Demographia
    • Census
  • History Readings
  • Contact
    • Data Sources
    • Featured Links
    • Terms of Service

REAL PRICE OF TSX Real Estate & Gold Indexes, ie: Nominal Prices divided by Bank of Canada $CAD Commodity Index

Real Price of Gold + Real Estate
CLICK CHART TO ENLARGE
The chart above shows the "real" price of the TSX real estate index (RE/CCI green dotted plot line) and the "real" price of the TSX gold index (Gold/CCI yellow dotted plot line).​​ July 2019, StatsCan revised their data set on the CCI metric and produced a new peak at July 2005 which I have labelled. 
​

​​​In November 2020, the CAD$ Commodities Index (CCI blue solid plot line) remained near the top of the downtrend channel after bouncing off the April 2020 Covid 19 low.

In July 2019, StatsCan revised their CCI data set and produced a new peak at June 2005 (Hurricane Katrina) above the July 2008 WTI price peak and since those peaks, the trend has been lower highs.
​​​

​For seven years, from April 2013 to March 2020, TSX Gold under performed TSX Real Estate but in April 2020 that nominal metric switched with the Covid 19 crash in the commodity plot (CCI).

The fly in the ointment for Canadian gold buyers could be the rising USD/CAD ratio that will dampen enthusiasm for precious metals and other commodities. 

Meanwhile, the door to deflation has been opened by a two-fisted crude crash and a viral contagion.
​​

​Gold miner's profitability depends on the nominal price of gold but also the cost of getting the metal out of the ground. See the real time StockCharts.com $HUI:$CRB chart (gold miners / commodities ratio)​ which shows that as the cost of mining drops (fuel, and industrial materials), the real price of the mining product rises even in the absence of a nominal price rise. Gold mining share prices rise as the real price of gold rises.

​In the 1929 stock market crash, Homestake Mining (chart below), the representative gold miner of the day, outperformed the DJIA. 
Also below is the live chart from TradingView for the NYSE:HUI Gold BUGS Index.

Picture
CLICK CHART TO ENLARGE
HUI Quotes by TradingView
"The NYSE Arca Gold BUGS Index is a modified equal dollar weighted index of companies involved in gold mining. BUGS: Basket of Unhedged Gold Stocks. Symbol 'HUI'." (Wikipedia)
FREE TRIAL DISCOUNT TO KIMBLE CHARTING SOLUTIONS

Picture

​Follow Brian on Twitter
Picture
​CHPC.biz (this site) is a SAFE BROWSING SITE according to Google's Safe Browsing Diagnostic

Home | Chart Book | Earnings | Plunge-O-Meter | History & Readings | Contact

BRIAN RIPLEY'S CANADIAN HOUSING PRICE CHARTS & Blog for
#Vancouver #Calgary #Edmonton #Toronto #Ottawa #Montreal
Real Estate Prices, Sales & Inventory with Plunge-O-Nomic Post Peak Price Action featuring the PLUNGE-O-METER
Data reporting changes by Real Estate Boards and other data collection notes are listed on the DATA SOURCES page.

If you want to be notified when I update this site, go to: twitter.com/Brian_Ripley and click "Follow".

GET A FREE TRIAL DISCOUNT TO CHRIS KIMBLE'S FINANCIAL MARKETS CHARTING SOLUTIONS
ADVERTISE YOUR REAL ESTATE FOR SALE TO THIS INFORMED AUDIENCE
Thousands of Unique Visitors and Page Views Every Month TRAFFIC CHART

Picture
Picture
Picture

Weebly - Websites, eCommerce & Marketing in one place.
Compare Weebly Plans
​This website & blog was built with Weebly; a very easy to use drag and drop cloud based app. TRY IT FOR FREE​
CHPC.biz (this site) is a SAFE BROWSING SITE according to Google's Safe Browsing Diagnostic

  • Home
  • Chart Book
    • 6 Canadian Metros
    • Vancouver Housing
    • Calgary Housing
    • Toronto Housing
    • Compare Toronto & Vancouver
    • Housing Price Momentum
    • Real Price of Housing
    • Sales Listings
    • MAR-MOI
    • TSX Indexes
    • Millionaire Metric
    • Real Price of Gold & RE
    • Canadian Housing in USD
    • Bitcoin Gold & RE
    • Housing Starts
  • Plunge-O-Meter
    • Real Interest Rates
    • Real 10yr Rate
    • Interest Rate Spread
    • Yield Curve
    • Yield Calculator
  • Earnings Employment
    • Household Debt
    • Affordability
    • Demographia
    • Census
  • History Readings
  • Contact
    • Data Sources
    • Featured Links
    • Terms of Service