NFTRH Interim Update 1.17.13

All is normal.  There is some economic cheer going on this morning, gold and silver got plunked and HUI is dropping toward the gap we noted in NFTRH 221.  The 2 hour chart tells the story of when normal becomes abnormal (below the blue dotted line).

hui 2hr chart
Gap fill would be normal, even good. 421 (higher low) should hold as support, however to remain ‘normal’.

Meanwhile, the theme for rising long-term Treasury yields and a potential inflationary phase into spring continues.

 

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