NFTRH Update, HUI
Boink, HUI just hit the bottom test. It's all in what it does from here now. A failure of 217 or a bounce off of it?
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October 8, 2013
NFTRH Update, SLV-GLD & HUI-GLD Ratios
The SLV-GLD ratio (SGR, upper) has been strong (a positive) but is at resistance defined by the 200 day moving averages. The HUI-Gold ratio (HGR, lower) just plain stinks, in…
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October 8, 2013
NFTRH Update, Key ETF Status
GLD is below the trend line and the 50 day MA’s. MACD is triggered down and below zero. GLD is still on a bear signal.
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October 8, 2013
NFTRH Update – SLV, GLD & SLV-GLD Ratio
A view of the metals by daily chart. SLV is above the 50 day averages. Next objective would be to break the trend line. There is some volume creeping in,…
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October 7, 2013
NFTRH Update – HUI Micromanagement by 60 Min. Chart
In this week's letter it was mentioned that a safer buy point on the gold stocks (as represented by the HUI index) would be with a DAILY chart move above…
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October 7, 2013
NFTRH Update, Key ETFs (Daily Charts)
GLD bounced yesterday but remains below the red downtrend line and 50 day moving averages with MACD triggered down and below zero. Still on a bear signal.
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October 3, 2013
NFTRH Update, Precious Metals
Yesterday’s noted hints with the silver-gold and HUI-gold ratios look like they will manifest in some kind of bounce in the precious metals at today’s open. At the very least, the good news is that the precious metals are firmly counter cyclical, as the stock market is under pressure due to a weak ADP employment report. Interestingly and logically, gold got crushed yesterday along with the strong ISM, although so too did many cyclical commodities.
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October 2, 2013
Outer Limits of Monetary Policy and Inflation
The ISM has once again expanded. Policy is working, so please Dear Mr. Bernanke, begin to withdraw not only a token amount of Treasury bond asset buying in October; make a real statement for the ‘organic’ economy. Pull all T bond purchases and stop buying some MBS to boot. You’ll not only help the Fed’s balance sheet by doing so, you’ll also send a clear message to the people that you have confidence in the natural economy to build on its momentum.
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October 2, 2013
NFTRH Update, Silver-Gold & HUI-Gold Ratios
Folks, the daily charts are broken. We know that. The gold "community" is scattering again in the face of whatever it is that prompts these periodic massacres. This update is…
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October 1, 2013