GDXJ 60 min.
With respect to the previous post... no neckline break as the last hour took a little off the top of GDXJ. Just a play-by-play FYI for all you sports fans…
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November 11, 2014
Gold Stock Bears; Decision Time
Our furry friends are going to need to make a decision soon. That is because the still-intact bottoming (bounce) patterns we noted on GDX and GDXJ in an NFTRH update…
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November 11, 2014
SOX Weekly
Checking in on the Semiconductor sector, where all the bear hype started in October, we find the weekly SOX at an interesting juncture. Of course you just knew - or…
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November 11, 2014
More Macro Trends
Sometimes it is good to just put the data up and let it speak, whether or not we want to hear the message or whether it even seems to make sense. From MacroTrends…
The Fed’s balance sheet and gold on their post-2012 divergent paths. With QE terminated, we will see which of these lines adjusts going forward.
Yeh, gold to monetary base has really done its job protecting people from the dreaded inflation. Sheesh… However, let’s keep in mind the idea of extremes (in data, in sentiment, etc.) and what happens when phases pivot and snap backs occur.
Has this whole event in gold been merely a well and good correction prior to new eventual ← [that’s a key word, relax] upside?
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November 11, 2014
Global Employment Data
Upon rummaging through the St. Louis Fed’s excellent database, some global employment data items for review…
US manufacturing hourly earnings are in an uninterrupted up trend. To think, all through this uptrend detached, abstracted Wall Street suits and associated media, who’ve never set foot on a shop floor sold a story that we don’t make anything in this country anymore (invest in financials and play the stock market instead!).
This has actually been the result of automation. Fewer employees are more skilled in technology. I don’t say ‘more skilled’, because being a real machinist for example, is a lost and under appreciated skill.
Canada’s general employment picture is good too.
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November 11, 2014
Trumpeting…
From reader MM today... "Very interesting recent note on gold & silver. (I'm not a subscriber, by the way). Especially the two specially selected advisors whose advice you 'fade'. I…
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November 10, 2014
NFTRH; GDX & GDXJ 60 min.
No folks, I am not a day trader! :-)
But that does not preclude me from dialing in to short-term views, and a short-term view I found interesting was in GDX and GDXJ. When seeing the predictable pullback today my first thought was ‘typical… gold stocks can’t even sustain beyond a day or two’. My second thought was ‘let me look at some charts’ and so…
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November 10, 2014
Uranium Miners Do Some Catching Up
Well, the Uranium patch sure is interesting. We have been noting for several weeks now the difference between Thing 1 (the price of Uranium Oxide) and Thing 2, the Uranium…
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November 10, 2014
Internets, Make or Break?
NFTRH 316 was abbreviated because I have this person known as my wife who suggested in no uncertain terms that I participate with her in a weekend away with some…
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November 10, 2014
Negative Feedback 2
I knew when I published the Gold Bug Psychology article I would not be making friends this week. That's the point. I sign my real name (not some internet alias)…
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November 9, 2014
NFTRH 316 Out Now
Bright and early on a Saturday an abbreviated (and really easy to read; funny how that goes) NFTRH 316 is mailed to subscribers.
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November 8, 2014
Dusting Up the Close
Yesterday we noted that GDX got zonked on the close and today in what looked like a running of the shorts DUST took an accelerated hit in the last 30…
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November 7, 2014
NFTRH; HUI Bounce Parameters
The bounce we were speculating about is here and now it is time to manage its upside parameters. A simple weekly chart shows 188 an ultimate decider on whether the…
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November 7, 2014
Gold Bug Psych 101
A new commentary post is up at Biiwii.com that will probably bring a little hate mail. The truth always seems to do that. Gold Bug Psychology Must be Neutered
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November 7, 2014