Excerpted from NFTRH 394's 20 page review of the precious metals sector, which included the following segments... Part 2: Gold Miner Weekly Charts (AEM, GG, HL, ABX, KLDX, NGD, NEM,…
I've got to run as it's time to get ready to take out Mom, so here is the majority of the email that accompanied the report to subscribers this morning. …
There has been a lot of talk about how gold is not a good inflation hedge. Indeed, with the recent bounce in inflation expectations, this was shown to be true…
...it will only matter when it matters. Playing it straight, the speculative interests (big net long increase this week) are right as they always are while the current trend is…
I continue to like Thing 2 better than Thing 1 because a) the macro environment - as indicated by today's jobs report and other economic data/indicators - and b) this…
Referencing one of our main themes for the last half a year, the case for the gold sector is supported by the case for economic deceleration. It is not supported by inflation, as in the recent bounce in inflation expectations as the US dollar declined.
The gold sector often rises with inflation expectations as silver out performs gold and so do commodities. But the gold sector’s fundamentals are fed by counter-cyclical activity and today’s payrolls report was right in line with that. In the ‘pullback’ update on Wednesday we also noted that the ‘gold ratio’ macro indicators remained positive as well…
Well, a weak employment report will not do much for inflationists who believe strong jobs = rising wages = cost push inflation = smart money buys gold. What it will…
Semiconductor index leadership pointing down That is what the chart says folks, bearish. The SOX is bearish in its abdication of bullish leadership in 2015 (top panel) and it's weekly…
This market is anything but cut and dry. For instance, within this single chart we find some broader market indexes above their supportive moving averages and some below them. Lateral…
We have followed this chart for a long while in its various forms in NFTRH. Here is the simple view of the S&P 500 on top of what appears to…
The precious metals were due to pull back and here is a pullback. Please review this morning’s post for a look at how the macro market is setting up for the gold sector’s next bullish phase. Remember that we launched fundamentally based on gold’s out performance of nearly everything else, as indicated by the weak silver-gold ratio. But the rally matures as silver vs. gold matures.
US dollar and Gold-Silver ratio bounce together Horseman #1 fell out of the saddle but chased the horse and has got one foot back in the stirrup. That would be…
I had two of what I consider "best of breed" (BoB) companies per their respective niches in US manufacturing, Faro and Stratasys. I considered the bad Machine Tools sales data…
What has been going on since mid-February is a burst of the 'inflation trade' as evidenced by silver's leadership in the precious metals sector. This opened the barn door for…