NFTRH Update 8.15.13, HUI Nears an Important Target

Here is the weekly chart we have been using for the last few weeks. As you can see Huey is approaching the ‘neckline’ resistance to our projected bottoming pattern.  As this morning’s update pointed out, it is doing so on blistering (panicked?) bullish sentiment.  We should remember that sentiment is just one tool and also that it was pinned at ZERO for months (a supposed … Continue reading NFTRH Update 8.15.13, HUI Nears an Important Target

NFTRH Update 8.15.13, Gold Sector Sentiment

A quick update today.  I am not trying to scare anyone – least of all investors.  But traders should be aware of the following sentiment structure for the ‘Gold Bugs’ category at Sentimentrader.com. This comes just as HUI is coming up to resistance. I am bullish on this sector but volatility will enter the picture sooner or later.  The reading above lurched from 10 to … Continue reading NFTRH Update 8.15.13, Gold Sector Sentiment