One would think that this improved yesterday as gold and silver got hammered badly. But as of Tuesday, the CoT data were still gathering quite bearish (for short-term reaction) against…
You see, Things 1, 2 & 3 below always were going to matter to the over bullish sector sooner or just a little later. It was sooner. I feel NFTRH…
Sorry, I couldn't resist the headline. D for Dragon. The Templeton Dragon fund, my preferred actively managed way to be long China/Asia, is declining within the would-be Handle of the…
Well, that was a heck of a post-FOMC reaction. As if the slightly redone wording actually said anything more than 'we may raise interest rates by mid-year and then again,…
The other day pre-open, we noted that the market was at a decision point. Well, it seems to have decided and it's not pretty. That's a gross looking pattern on…
A snapshot of current daily technicals…
Precious Metals
GLD continues to rise toward the measured target around 128, where it would be over bought. Support is 117 to 119.
[edit] It's a little promo-ish, but I did not solicit it and the whole back and forth is important IMO in delineating the boundaries between b/s and rationality... Gary -…
In NFTRH 327 we noted that the markets were at a decision point, sitting in a neural zone for the short-term. An example of this neutrality being the S&P 500,…
Excerpted from this week's Notes From the Rabbit Hole (NFTRH 327), a 35 page report covering economic data and indicators, US and global stock markets, commodities and clear technical and…
The 'top down' macro work continues and frankly, I am too fried to try to detail what a good report I think #327 is. But it is high quality stuff…
Stock Markets The US market is now just about at the limits of a 'bounce' vs. 'bull continuation'. Using SPY as an example. Junk bonds, while still in a downtrend,…
Yesterday we updated the hit to the miners and that update still looks valid. It looks like the reaction is just that, a reaction. But also note that the miners…
There seems to be a cottage industry out there, led by a very smart man with a very smart computer, who calls anyone who says anything bullish about gold a…
Last week when GDX pulled back hard we reviewed an NFTRH+ update and target of 23. Yesterday and this morning it hit that target and today, poetically, comes the next…