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
NFTRH; Market Sentiment Update
The October decline came after we had been noting various sentiment indicators were over bullish and Participation indexes were negatively diverging. A hard decline followed and a bounce came as expected with pervasive end of the world bearishness gripping participants.
Now, the bounce has morphed to new highs in some cases and players have repaired their psyches as if October never happened. For this reason, the markets are vulnerable to the faded, but still viable scenario of a November decline and re-test of October’s bearishness.
Sentimentrader’s aggregated data show a situation that is close to what it was leading into October.
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November 7, 2014
GDX Hammered on Close
Did you catch that close on the gold stocks? It is no wonder so many people lose their minds with this sector. 1 minute chart... I wouldn't blame the evil…
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November 6, 2014
NFTRH+; Tax Loss/Jan. Effect Examples
Understand that these are just two stocks (without highly liquid volumes) that I am interested in for my own reasons and there is a market full of others out there. So these are not recommendations but rather, examples of charts that I look for at year end.
OncoMed (OMED) is held in the IRA as a sort of lottery ticket speculation. I bought it a few weeks ago at just above 19, rode it up and am riding it back down currently. While I sold several other items on the market bounce, I decided to keep this one because little has changed since it was driven to the 40’s last year by a news release that I considered fundamentally valid (for a very speculative specialty pharma/biotech stock that is).
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November 6, 2014
In the Land of Indicators
In the land of indicators, there is just as much confusion as there is in the land of asset markets. In the markets it's gold miners up, down, up... stock…
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November 6, 2014
NFTRH; HUI (for traders)
Not to amp up the noise, but if the sector is going to keep doing an up one day, down the next, up the next routine around the 2008 low…
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November 6, 2014
NFTRH; Quick Market Snapshots
A quick check up on the current market environment…
TIP-TLT says no inflation expectations buildup yet.
Commodities vs. gold is breaking back up above the moving averages. A declining CCI-Gold has/had been one of the few positive fundamental underpinnings for the gold sector. It would also be a negative for the economy if it resumes breaking down.
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November 6, 2014
NFTRH; Market Notes
Precious Metals I got back near the end of the day and observed that HUI promptly gave back any in-day bounce hopes and has now closed below the 2008 low. …
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November 5, 2014
NFTRH; HUI
Traders be aware that HUI dropped below the 2008 low and is now above it again. It is deeply over sold (weekly chart below) and prone to bounce at any…
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November 5, 2014
2 Horsemen Up Again
The gold-silver ratio and USD are both up this morning. This is punishing to many items including of course, the precious metals. Judging by my screen, it is also pressuring…
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November 5, 2014
NFTRH; Market Notes
With events in play I thought we should have a market update as opposed to the usual ETF update this morning... US Stock Market The Republicans won, to no one's…
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November 5, 2014
NFTRH (public): Gold, Gold Stock Parameters, Discussion
Here is this morning's pre-market NFTRH subscriber update reproduced publicly, with my compliments for anyone interested. I did not want people to fall for yesterday's bounce in the gold sector. …
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November 4, 2014
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