A few items jumping out at me, post-Fed. HUI is moving to its next resistance parameter, which is the declining SMA 200. That was a very valid bounce target. If it gets through there the 3 obstacles left for a new bull trend would be the June, April and February highs. The weekly sees Huey at the key resistance of the EMA 55 and a … Continue reading Post-FOMC; Gold Stocks, Gold and USD
Look, I have been beating the drum about the gold sector being in a daily downtrend until it can clear certain technical objectives. As a sector, it has not yet cleared most of them. I’ve also noted positives in play ranging from the vastly improved gold and silver CoT data to the out performance and positive divergence by several gold stocks including Royal Gold, Franco … Continue reading There’s Gold in Them There [Gold Stock] Earnings
I am hoping WEED.TO gets high(er) from here. I let my preferred Pot stock, APH.TO, get out of the barn but then looked at this one a couple days ago and saw what may have been a less mature bottom and bounce situation. So I took a shot. It got cut in half into the June low and now has climbed back above the SMA … Continue reading Wanna Get High, Man?