NFTRH Update 7.12.13, HUI 60 Min. Updated

Last update of the day, I promise.  ;-) This view is enlarged from the previous one shown and with an hour to go, Huey is holding the line. The lack of follow through (from yesterday’s upside) is typical for this ongoing gold stock bear market.  What would not be typical would be if HUI can resist getting heavier and heavier into the close.  That would … Continue reading NFTRH Update 7.12.13, HUI 60 Min. Updated

NFTRH Update 7.12.13, HUI 60 Min. Chart Parameter

The 60 minute chart shows a support level that it should hold to avoid a growing risk that the gap will fill. A consistent characteristic of the 8 month bear market has been that during sell offs, the index weakens during the day; gets heavier and heavier until gold bugs just finally flush.  I am not going to play that game.  If the green line … Continue reading NFTRH Update 7.12.13, HUI 60 Min. Chart Parameter

NFTRH Update 7.12.13, HUI Weekly View

Yesterday we reviewed some reasons why the precious metals could be on a rally that is something better than the previous failed bear flag rallies.  Today we balance that with a look at the weekly chart. The would-be bottom or rally attempt is coming from a logical point at the ‘low 200’s’ target we had on radar for months before it was registered.  MACD stinks … Continue reading NFTRH Update 7.12.13, HUI Weekly View