NFTRH Interim Update 4.24.13, Another Sign of Contraction (Durables)

Let’s remember a theoretically important aspect of the gold sector investment case… economic contraction, which would drive up the real price of gold as measured in commodities. Durable Goods orders came in weaker than expected this morning, joining ‘jobs’ and ISM as recent signs of a deceleration in the inflated economy. It is notable that the gold sector has gotten contrary to the stuff that … Continue reading NFTRH Interim Update 4.24.13, Another Sign of Contraction (Durables)

NFTRH Interim Update 4.24.13, Precious Metals Mid-Week View

Given that the gold-silver ratio continues to rise (implying a coming liquidity contraction) and gold vs. the CCI commodity index tanked to the weekly EMA 300 and bounced (per chart from NFTRH235’s opening segment and this post), I continue to favor gold over silver and commodities. Why “favor” a metal that has crashed?  After all, everybody hates gold right now.  Exactly.  The pervasiveness of the … Continue reading NFTRH Interim Update 4.24.13, Precious Metals Mid-Week View