Below is a chart from this morning’s pre-market NFTRH update in which we laid out 3 levels to watch for on an over bought pull back. We had noted in earlier updates that would-be buyers should not be chasing the move but rather, dealing from strength, waiting for the first impulsive move to halt and pull back. I took some profits and hedged per that … Continue reading HUI Daily Chart; 1st Parameter Hit
I sensed people were getting antsy in wanting to buy gold stocks for fear of prices running away. That is why we had a couple updates noting the over bought level and recommending not to chase. Pending Yellen (always a wild card), it looks like a pullback has begun, almost as if on cue. If that is so, here are the pullback parameters for those … Continue reading NFTRH; HUI Pullback Parameters
Yesterday we reviewed the Scariest Chart in the World, an overly sensational tongue in cheek title for a chart that has bearish historical implications for the S&P 500. Here it is again. Whether the Fed is looking at this exact combination of data points or something similar, you can bet they are aware that things have come to the brink. The spread in the bottom … Continue reading Fed’s Bag of Tricks: Op-Twist 2?