NFTRH Update: Gold Stock Buy Points

With things in the media like a market strategist declaring he wouldn’t buy gold with his worst enemy’s money (CNBC) and SoGen declaring gold is finished as a safe haven investment (MarketWatch) I am given doubt about our nice neat downside technical targets.  The targets are there mind you, but technical analysis can go right out the window with one shift in the markets as we all know.

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Enjoy the Punch Holiday Revelers

Party goers are gathered around the punch bowl as expected after the FOMC’s token move on QE.  Jeff Lacker is jawboning additional tapers in $10b chunks and all seems right, except… the ‘continuum’ (AKA the 100 month EMA on the 30 year bond yield chart).

tyx

Let me ask you Beuller, what happened at the red arrow in 2000?  What happened after the red arrow in 2007?  What happened after the plunge in 2008?  What happened after the red arrow in 2011?  What happened after the most recent bottom in 2012?  The answers are 1) the end of a secular bull market in stocks, 2) the end of the last cyclical bull market in stocks, 3) the birth of the current cyclical bull market in stocks, 4) the end of the big cyclical commodities rally and 5) the launch of this most powerful leg of the cyclical stock bull market.

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