Multi-Market Status: Precious Metals, Commodities, US & Global Stocks

A general review of the current status across different asset markets. This is not comprehensive, forward-looking analysis as per NFTRH, but it is an up to the minute summary (as of Friday afternoon). Precious Metals Gold, silver and gold stock indexes/ETFs made what I had thought were bear flags yesterday, but today’s reversal painted them as short-term bounce patterns (‘W’ with a higher low in … Continue reading Multi-Market Status: Precious Metals, Commodities, US & Global Stocks

A Closer Look at Gold Stocks; Bear Flag? Really?

So today it looks like gold and silver are rising with the inflation trade (global stocks, commodities, yields…) and our bear flag noted yesterday on GDX will be challenged. How dare they? It’s a TA pattern I tell you and it must hold true! Mark From IKN had a good post on what a bottom in the precious metals would look like that I found … Continue reading A Closer Look at Gold Stocks; Bear Flag? Really?