NFTRH Update 7.3.13, Crude Oil & its Implications

Crude oil as represented by the USO fund, is breaking out today.  The Gold-USO ratio is declining.  This is a trend that does gold mining no favors whatsoever, fundamentally, since they are so energy dependent. Today’s rise is apparently due to strife in the middle east and would therefore be suspect.  But recall that a breakout of this daily pattern breaks oil up and out … Continue reading NFTRH Update 7.3.13, Crude Oil & its Implications