I was sent this article, which uses TA as a basis to debunk those who think the stock market must crash for gold to be bullish. I thought I’d comment publicly since it is such a divisive subject. SPX and Gold Combo Chart: The Best of Both Worlds There is a misconception out there that in order for gold to have a bull market the … Continue reading Gold and the Stock Market; It’s Not the Best of Both Worlds
So I am not going to pretend I’ve got all the answers on a day like this. My broad market longs are very mixed, my shorts are good and my precious metals and ‘inflation trade’ stuff are doing poorly. But for the same reason I did not buy anything on the late week burst upward in the inflatables, I am not selling today’s unwind either. … Continue reading On an Unpleasant Day, Here’s Something Green
I am not going to play precious metals sponsor or cheerleader. I’ll get rid of positions if given the signals because all this ever was to this point is a bounce. But neither am I going to give up on the bounce/rally until it is time. Last week’s big inflation burst is getting hammered across the commodity spectrum even as bonds continue to break down … Continue reading NFTRH; Parameters on Gold, Silver, HUI, HUI/Gold Ratio & Silver/Gold Ratio
On the short-term, USD (UUP shown here) is bouncing toward the 200 day moving average, and is still in a downtrend. On the monthly chart the US dollar index and several of its global currency pairs are at long-term support that we have been keeping on radar. FYI. Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade … Continue reading US Dollar, Short & Long-Term
