NFTRH Update, Key ETF Charts
GLD continues its death struggle with the neckline, is in a downtrend and remains on a bear signal.
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November 27, 2013
S&P 500 & Gold Stocks, Mirror Manias
We have been working a theme lately about the mania going on in US stocks (some valuations are not overly manic but policy sure is) and also the one going on in the mirror (a fun house mirror at that) in the ugly precious metals sector.
We are in a time of utter reverence for great and powerful Oz-like people doing not so great things to the rates of interest that would be paid to savers and prudent people (Zero Interest Rate Policy or ZIRP), and doing wonderful things for leverage (substance) users, speculators and asset owners (MBS and long-term T bond buying).
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November 27, 2013
NFTRH Update, HUI Groundhog Day
From the previous update: "If HUI can cross back over the 206.66 October [June] low, I’ll take even more note." Okay, so I am taking note... Here we go again…
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November 25, 2013
NFTRH Update, Palladium Opportunity & a Note on Precious Metals
I am tinkering around trying to see if I am comfortable with a more active trading opportunity aspect to the NFTRH service. As such, I found a low risk situation…
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November 25, 2013
NFTRH Update, HUI @ New Lows & Targets
As we have been noting, the daily chart of HUI has a target of 168, which would be a theoretical Head on an Inverted H&S. Note the word theoretical, because…
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November 25, 2013
NFTRH Update, Key ETF Charts
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November 22, 2013
NFTRH Update, Precious Metals
Very simply, the October low was 211 for HUI. Other measures, like the GDX and GDXJ ETFs have already made lower lows. But today HUI dropped below and is making an attempt to hold 211.
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November 21, 2013
NFTRH Update, Key ETF Daily Charts (Incl. Detailed Precious Metals Discussion)
GLD hit support (neckline) yesterday and made a lower low to October’s low. A loss of this neckline would measure to 105 (+/-). GLD is on a bear signal.
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November 21, 2013
NFTRH Update, Key ETF Charts
GLD is on a bear signal just above critical support. A loss of support in the 120 to 121 area would target roughly 105, based simply on the pattern’s measurement.
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November 19, 2013
NFTRH Update, Liquidity Indicators
The gold-silver ratio continues to rise today. A rising GSR often means strained market liquidity.
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November 18, 2013
NFTRH Update, Mania in the Fun House Mirror; Daily SPY-GLD & Nominal Weekly GLD
Well the theme is that gold is opposite to the bull mania and ‘risk on’ environment so well crafted by policy making. The title says “fun house mirror” because those things distort sizes of images.
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November 18, 2013
NFTRH Update, HUI & DUST Hourly (for Short-termers)
The break above the 50 period MA's on the HUI 60 min. chart with a corresponding break below in DUST, is the first positive technical inkling for a potential bounce…
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November 14, 2013
NFTRH Update, HUI and its Ratios to Metals
HUI continues below the 50 day MA’s but has been sneaky in its refusal to break down despite the pressure on the metals over the last few days.
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November 14, 2013
NFTRH Update, Key ETF Charts
GLD is on a daily bear signal below the MA 50’s and MACD going red. At a potential S/T support area.
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November 13, 2013