While I do not pretend to have been impervious to the bearish CoT data for gold and silver, we noted on February 28th in NFTRH 384 the similarity in silver's…
In US pre-market silver is +2.47% and gold is +.72% at 7:00 Eastern. The silver-gold ratio closed like this yesterday, still above the daily SMA 200.
There is nobody like Otto at IKN for uncovering the pigs who live off of scaring and titillating gullible or inexperienced people looking to get rich off of their recommendations. …
In pre-market there was some hype surrounding the Doha 'failure' to fix prices in oil. Failure? That's a victory for the free market and it turns out, those of us…
They taught me in Market Genius School that a profit is never a bad thing. So I am taking a partial profit on SBB.TO, which I own through the TSX…
This week we abbreviated to a review of limit and/or trend change points in several markets, further discussion of inflation and what needs to be in place to call an…
Note: A reminder that I will mostly be away from the markets on Thursday and Friday. This update is an extensive review of where markets stand now. We will update the situation on Sunday with an abbreviated NFTRH 391.
Precious Metals
HUI made it to the resistance line and the projected zone of 202 to 211 off the consolidation triangle (ref. daily chart reviewed in this update last week). From the ‘bottom line’ of that update: “Watch the gold miners. A breakout (on a weekly close) here would signal a new leg to an initial target of 211.”
My tolerance on a short position against small caps (via IWM) is shown here in this weekly chart. A break of the blue line and I'd probably move on. Among…
I created the title and then had a flashback to Spy vs. Spy… :-)
Anyway, here are some daily charts of other items vs. SPY. I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters. I still hold SPY short. Ouch, but it’s more than fine; the 2016 out performers are seeing to that.
Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing. EEM-SPY is doinking the SMA 200 for the first time today.
A few weekly charts of larger gold and silver miners originally shown in NFTRH 390 as part of a package of 11 different stocks, large and not so large. AEM…
Well, last week I knew I smelled a rat in AAU and today I found out Otto at IKN has uncovered a big, dirty rodent infesting not only AAU, but…
The Silver-Gold ratio (SGR) has been a primary indicator we have awaited for a confirmation that a phase of overt inflationary effects may get under way. This would have implications for everything from commodities to resource based economies (like many emerging markets). It is one of the ‘market-based’ inflation indicators we have discussed; a metallic “credit spread” as Bob Hoye calls it. When silver leads, price increases across many other asset classes are more likely.
On April 7 in pre-market we had an extensive update on gold, silver and especially, the miners. This update is now public for your review. If you check it out…
In a recent NFTRH report we noted that the Uranium ETF was making constructive moves at the SMA 200. Here is an updated chart.