alice

NFTRH; Still Leaning Toward This Market Scenario (and a Note on Gold Stocks)

On Monday I did a public post, sketching up a forward look at the S&P 500 using the chart below. Aside from the fact that A dropped further than my projection I think this scenario is viable. It’s just that instead of being support to a B bounce, the SMA 50 could act as resistance to it. Beyond the A-B-C scenario I have no real … Continue reading NFTRH; Still Leaning Toward This Market Scenario (and a Note on Gold Stocks)

Gold Ratios; Beware the Inflationists

Too many gold bugs are either still pimping the ‘inflation trade’ or digitally pleasuring other gold bugs with predictions based on inflation. From my favorite example of this behavior just yesterday (he of the “drop dead gorgeous bull wedge” for GDX that failed into a miserable bear market extension a few years ago). Just yesterday… “I’ve announced a long term target for GDX of $15,000. … Continue reading Gold Ratios; Beware the Inflationists