Below is the weekly chart view of gold vs. the ‘Dollar bearish’ fund UDN. I get so caught up in the fascinating views of gold vs. the aspects of the cyclical, risk ‘on’ world (like stocks and commodities) but gold measured in local currencies is also important. We managed this chart in NFTRH, watching for it to hold the lower line (3rd arrow) earlier in … Continue reading Gold vs. Global Currencies
HUI daily has finally filled the upper gap at around 160. That was target #1, along with the SMA 200, which is declining toward that area (currently 162.64). The next resistance level is 170. HUI weekly shows this resistance area from a longer-term perspective. The upper bound of that area (170) has a lot of overhead traffic. HUI monthly shows what could be a profound … Continue reading NFTRH; HUI Daily, Weekly & Monthly Technical Status (medium priority)
Just a heads up that SSRM, which was originally spotlighted last week, is furthering its breakout out today. Here is the daily chart. And here is the weekly chart. There is more resistance at around 12.30 but a close to this week above the green dashed line would favor an eventual rise to the target of 15.20. A reminder that chart based NFTRH+ updates are … Continue reading NFTRH+; Regarding That Bullish Gold/Silver Miner
