NFTRH; Gold Funda’s & More TA

Bloomberg headline:

Jobless Claims Drop as US Consumers Gain Confidence

Economic deceleration is sure not on the front burner.  Yet the US continues to try to inflate, as does a good portion of the developed world.  Questions include… will we get rising inflation concerns and will this inflation and precious metals bounce foretell economic drudgery (or worse) to come?  In 2000 when the great stock bull blew out and the gold bull began, things were about as good as they get for the economy.

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NFTRH; Precious Metals

Silver is continuing its breakout on the weekly chart (ref. the comparison to the CCI index in 2013).  Silver vs. gold is continuing upward (a good sector leadership indication) but is getting very over bought now (traders be aware).  Gold is breaking through its 50 and 200 day moving averages and approaching the key ’round number’ resistance around 1300 that we have been noting.

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NFTRH+; Control4 (CTRL)

Within the context of a potential market blow off scenario that Fed policy seems bent on instigating, we continue to look for candidates that have not yet moved aggressively.  On that note, CTRL, which can claim some of the ‘Internet of Things’ hype (iOt, another hype flavor added to last year’s 3D Printing/Additive Manufacturing?) in the home automation space.

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