Positive Implications for Gold Miners if Crude Oil Breaks Down

It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters amplified by the media at the time. Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other … Continue reading Positive Implications for Gold Miners if Crude Oil Breaks Down

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Gold and Silver Commitments of Traders

We have a lurch in a favorable direction this week as gold saw reduced Spec net longs (including the little guy) and net short covering by the Commercials. In silver the Specs and little guys net shorted last week while the Commercials made a net long move. And then wouldn’t you know the metals rammed upward yesterday. Funny how that works. Subscribe to NFTRH Premium … Continue reading Gold and Silver Commitments of Traders

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NFTRH; US Headline Index Status: INDU, SPX & NDX (medium priority)

The S&P 500 turned down just below the 200 day moving average, the Dow broke above its SMA 200, turned down but is now testing it as support, and NDX found resistance at its SMA 200 after hitting and failing to clear it. The reason I did not prefer a ‘V’ type bounce in order to be an intermediate-term bull is pretty obvious. There was … Continue reading NFTRH; US Headline Index Status: INDU, SPX & NDX (medium priority)