Whack-a-Mole (Japanese Nikkei is the Latest Bubble)

Excerpted from Notes From the Rabbit Hole #240, dated May 26, 2013. Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways.  Actually it’s a game of Whack-a-Mole and they play it well, these inflating moles.  The minute you think you’re … Continue reading Whack-a-Mole (Japanese Nikkei is the Latest Bubble)

NFTRH Update 5.23.13, GDX Near Term Technical Objective

The daily GDX chart shows that the senior gold stocks have been contained by either the daily EMA 10 or EMA 20 since failing the 50 day and 200 day averages back in January.  This implies extreme weakness and a persistent bear market.  “Thank you Captain Obvious!” Of late there has been bullish divergence and a notable, high volume reversal day on Monday of this … Continue reading NFTRH Update 5.23.13, GDX Near Term Technical Objective

NFTRH Update 5.15.13, Pre-Market Notes

Precious Metals Revisiting silver, the current status sees a bounce scenario stretched to its limit.  It is now or never for silver to pick up and begin leading.  The chart shows the flag at its lowest level of support in pre-market. Here are the implications once again if silver loses 23.  Sub-20 is favored. On a weekly chart, we find gold once again below the … Continue reading NFTRH Update 5.15.13, Pre-Market Notes

NFTRH Update 5.14.13, Silver & the Precious Metals

We have reviewed the weekly bear flags, especially apparent on the mining indexes (HUI, GDM, etc.).  If the precious metals stand a chance to rally, silver likely needs to be a leader.  This may not be the case later, after the next down phase begins on the broad markets.  But in the current atmosphere, where gold stocks are still seen as part of the ‘inflation … Continue reading NFTRH Update 5.14.13, Silver & the Precious Metals

NFTRH Update 5.10.13, Precious Metals

From this morning’s update:  “We noted a potential bear flag and if today ends up being what the pre-market implies, then it would go from a potential to an actual bear flag.” HUI remains in a potential (not actualized) weekly bear flag with 50 minutes to US market close.  So I suppose that means the precious metals can rally on Monday and still remain in … Continue reading NFTRH Update 5.10.13, Precious Metals

NFTRH Update 5.10.13, Morning Notes

With the precious metals getting smashed in pre-US open (are we really surprised?) the lame counter-bear trend rally appears kaput.  Thus, the weekly chart takes over, and this should have been the primary guide for most people as already noted. I have personally lost some money trying to give the gold stock sector the benefit of the doubt for a counter trend bounce but whatever … Continue reading NFTRH Update 5.10.13, Morning Notes