In January of 2013 NFTRH used the Semiconductor sector as a ‘canary in a coal mine’ to a potential coming phase of US manufacturing strength and an economic bounce. This had negative implications for gold but normally would have had positive implications for commodities positively correlated to the economy. That did not materialize in 2013 (as China decelerated) although with the recent launch of various … Continue reading Watch Semiconductors’ Market Leadership
GLD has reached the resistance that is the initial objective for the rally off the December bottom. On its bull signal but at a logical point of consolidation or reaction.