As crude oil continues down today we are presented with a perfect opportunity to review why gold mining fundamentals can IMPROVE in a rising US dollar atmosphere. So many people run the equation through their heads: USD Strong = Run Away!
A return to a previous NFTRH+ highlight for base metals enthusiasts for simple little trade.
Now that the Dow has joined nearly everything else in marking a lower low to the August low and the sentiment backdrop is getting very bearish (per October’s reputation), a reversal can come at any time. Yesterday, as the market was positive we NFTRH+’d* a bear trade setup on QQQ, but the market reversed downward again. The parameters in that update still apply on any coming bounce.