The Semi equipment book-to-bill ratio jumped all the way to 1.08! Can you believe that? Well unfortunately, what matters is nominal bookings and billings. Bookings eased a bit from December's…
From Monday's pre-market update... "Based on this morning’s futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the…
From yesterday's update: "As for gold, it is ready for a correction (with silver even more so) when viewing the CoT data, sentiment backdrops and over bought status and technical…
Based on this morning's futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the 'W' pattern and could…
We look at what has rising short-term risk vs. reward, what is in question as to its bounce (mini or maxi?), what is and has been bearish, what is in…
It occurs to me that in public writing I tend to bludgeon people with macro fundamentals (like gold vs. positively correlated markets, yield relationships and even confidence in global policy…
We have noted the key pullback support level equivalent to HUI 140 (GDX equiv. is 16.90) and so far this has not even been tested (the lowest GDX got was…
This post is being sent to the entire list (as opposed to NFTRH+ email opt-ins) because I need to check the '+' list for accuracy before using it, and have…
USD-JPY is the most interesting as it broke its uptrend and remains in that mode. Apparently, USD is no longer the main risk 'off' liquidity currency; Yen is. USD-EUR is…
As the market bounce and gold reaction proceed forward, it will pay to keep an eye on the macro theme that I think is more important than most others, gold's…
On a daily chart of HUI we have 140 as key support. As with gold, I'd like to see the 38% Fib from the January low contain the pullback and…
The daily charts of HUI, GDX and GDXJ below show pullback support zones as the (mini or maxi) reaction from over bought status takes hold. As noted, HUI 140 is…
Wax On We should understand that the market is just doing what it does. I was beginning to wonder if they would be able to put the wax back on…
It is a tiny sample size of course (and so, just for fun) but... Bad News My article Gold's Macrocosm: The Planets Align brought a comment from Gold Seek calling…