Daily Archives: March 9, 2016

alice, nftrh
NFTRH Interim Updates

NFTRH; Gold Sector

Today we had the 2nd down day in a row until a reversal took hold.  As noted at the site I got lucky and covered the short against NUGT before this happened.  It was due to the old ‘don’t be greedy’ code and lots of unpleasant experience.  This after adding GDX yesterday, as noted in an earlier post.  I still think it would be for the best if GDX eventually works its way down to 16.50 to 17 (HUI 140) and the rolling MACD may imply this.  But there is a small support shelf here and if it holds there could yet be a new short-term high.  We’ll just have to wait and see what the market thinks.

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March 9, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; EEM/SPY Ratio Begs a Re-Think

As you may know, I have been bearish the Emerging Markets due to the big picture monthly chart breakdown by the MSCI EM index and iShares ETF.  But in pulling an EEM/SPY chart I found this bottomy looking thing…

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March 9, 2016
alice
Gold Stocks

Spitting Out the NUGT

Our little Nugat theme is all done now because I no longer like the taste of being leveraged short the miners.  I am taking +15% on the trade and moving…

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March 9, 2016
alice
Commodities

Oil & Copper Are Trend Down

There is a lot of hype regenerating in the commodity/resources/hard assets patch.  'Core CPI is elevating and the Fed is behind the curve!' goes the pitch.  Well maybe, but the…

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March 9, 2016