NFTRH Update, HUI Daily Chart Parameters

There is talk of economic growth and ‘taper’ in the air and the precious metals are with that script this morning and declining.  As reviewed in this week’s report, gold and silver were still below important resistance and today looks like they will go further below it if pre-market is any indication. We also noted that the gold stocks had done the best work last … Continue reading NFTRH Update, HUI Daily Chart Parameters

How [They] Learned to Stop Worrying and Love the [Market]

How I [they] Learned to Stop Worrying and Love the Bomb [Market]  paraphrasing Stanley Kubrick’s great cold war/nuclear paranoia film Dr. Strangelove (1964).

riding.bomb

The USA thrived during a 20th century rife with war, famine and depression.  This was a wealthy country however, founded on principles of self-reliance and valuing  thrift, saving and honest work for an honest return.  Add in unparalleled productivity and economically at least, the positives more than outpaced the negatives.

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NFTRH Update, Post-Employment & the Precious Metals

Folks, today’s bad employment number is but one sample and it will probably take a trend to confirm anything about a softening economy.  But with T bonds rising hard today and their yield spreads lurching in a gold positive direction, we continue the recent mini trend of improving fundamentals for the gold sector.  Remember, gold is counter cyclical.  On that note…

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NFTRH Update, HUI daily technical status

Another quick review for gold stock traders and investors… HUI has continued to decline in normal fashion.  The gap was filled yesterday as expected and now 195 should hold on a closing basis or the mini correction becomes abnormal.  191.44 would then be a key to a failure of the short term bottom attempt. The employment report due out at 8:30 (US Eastern) will likely … Continue reading NFTRH Update, HUI daily technical status