As I prepare for another disjointed day mostly away from my screen, let’s take a look at the bigger view of some items. Dow has crashed all the way down to the top channel line. SPX is still forked. SPX/Gold (Amigo #1) is not broken. NDX could crash and still be above the 2000 high (perspective). DAX got through Target 1 but not Target 2. … Continue reading Big Pictures
Hello, my name is Gary. I am a Keystone Kop, making more goofy moves than sensible ones* during a week where I really should be just putting down the crack pipe and staying away. My life is semi upside down now with painters crawling all over the house only being a small part of it. I think capitulation volume is building but maybe not yet … Continue reading FB & GOOGL
In the event that this is just a correction – which technically speaking is all that it is at this point given the market’s up trend – I want to illustrate some buying opportunities for those who do not see a bear market beginning here. I am leaning that way myself. The first is in the Industrial metals (IM), which we’ve noted were part of … Continue reading NFTRH; Tech & Industrial Metals
I want to begin this post by again noting publicly that feel like I clowned myself yesterday in my own trading and in my lack of attention to the market at a critical point (couldn’t really be helped, but it’s the results that matter). Despite a market doing generally as expected, I was not really prepared. My macro views often prove right on while my … Continue reading Experts as Contrary Indicators (Bonds Edition)
GDX got volume last week after the Fed rode off with its latest rate hike. But it gapped up on Friday’s market angst. Frankly, I was surprised to see it positive yesterday with the big stock market bounce. Well, today the gap is in view and it seems GDX has its sights on filling it. RSI is good, MACD is decent and the sector is … Continue reading A Little Gold Miner Micro Management
So tell me, how do you write about volatility to come, mentally prepare for it and then get beaten by it? Well, if you are me you live up to your non day traderism and see to other important things in life thinking that maybe you get a free pass, the short-covering market bounce might keep going for another day* and you can add shorts … Continue reading Volatility
With the big bounce back in long-term Treasury bonds (as yields got slammed right where the Continuum’s limiters projected they would) we have Amigo #2 in the books. Remember that Amigo was only projected to halt and reverse hard at the limiters (catch the media-following herd completely off guard), not necessarily to begin a new bull phase in bonds. So he’s in the books and … Continue reading Amigo #1 (SPX/Gold) is Bouncing
Well, it’s just a day. But after the big bounce back in stocks one set of indicators is not confirming the big upward burst. I took a look at PALL/Gold expecting to see the typical big bounce back that would in oh so predictable fashion begin to question the market’s bearish potentials. But instead… PALL/Gold was down again and resides below the short-term resistance of … Continue reading NFTRH; Metallic Indicators Not Convinced
As the VIX flies up, down and all around (bullish or bearish the one thing we have been planning on is increased and extreme volatility) I am happy enough to just be Even Steven. Well, I am actually still heavily bull biased when factoring precious metals positions but you get the point. I have some shorts, I have some regular ‘bull’ longs and I have … Continue reading Even Steven Always Evens Out!
Yes, it is Keith Weiner again, slightly blowing my mind with the way he looks into central banking, debt, the US dollar and gold and silver. Reading a gold analyst like this makes me chuckle about 90% of the “gold analyst” community. I mean, I am no expert either but at least I am the guy parroting “value vs. price” when it comes to gold. … Continue reading “Slaves to Government Paper” & Gold and Silver Supply/Demand Funda
Who is surprised that the stock market is bouncing at or around its various 200 day moving averages? I didn’t think so. This test will play heavily into the near future. The classic interpretation is that a healthy test (and re-test) of the rising SMA 200 is in process. If the test is successful, SPX need not and probably will not test the 200 again. … Continue reading And So, the SMA 200 Test is On
Here is this week’s Gold-Eagle spot. Gold’s Fundamentals on the Move: PM Price Moves Should Follow The point being as it has been all along, that the gold sector will be ready when the macro is ready; and the macro is not ready until things start to fall apart in the form of cyclical items weakening and then breaking down vs. counter-cyclical gold. Same as … Continue reading Gold’s Fundamentals on the Move: PM Price Moves Should Follow
As I was searching for old articles in which I’d used the term gold vs. “human hopes for prosperity” (a theme coming back into play currently) I came across this old article from nearly a decade ago, just after NFTRH‘s launch. The Next Bubble? (Oct. 13, 2008) I may tout myself in a future article using this look-back (ha ha ha, but seriously… ) but … Continue reading NFTRH 492 Out Now
We have been anticipating a test of the February lows and the SMA 200, and boy did it come like a freight train this week with Trump/China as an excuse (though in my opinion, not necessarily the reason). During the initial plunge in February when I covered shorts and bought the SMA 200 we also noted a gap around SPX 2640 that could easily be … Continue reading Bottom Testers Being Tested
