Penny Gold Stock Touts Itself (w/ help from a man who stares at charts), Pops 32%

Just reporting some facts… Ladies and Gentlemen, I give you Tanzanian Royalty Exploration, headed by the one and only James Sinclair AKA “Mr. Gold”, seer and truth teller of yore to legions of tin foil hat wearing gold bugs (disclosure: when I was a newbie I briefly bought his shtick as he was presented at the Financial Sense website as a preeminent and distinguished gold … Continue reading Penny Gold Stock Touts Itself (w/ help from a man who stares at charts), Pops 32%

Dow “Death Cross!!”… Case Closed

Over the years I’ve harped on about this. The media tout “DEATH CROSS” in fearsome headlines and then voila, a hard bounce happens to punish anyone who knee-jerked in response to said media alarm. Here’s the Dow doing just that this month after December’s alarm. However… a cross of a shorter-term moving average below a longer-term average does mean something and it ain’t bullish. Only … Continue reading Dow “Death Cross!!”… Case Closed

alice

NFTRH; SPX Bounce Status, HUI Pullback Status (high priority)

A quick snapshot of two fairly contrary (as they should be) situations. Here is the chart we used in Tuesday morning’s update to show that even with that big down day to come SPX was still safely above key support. Two days of hard testing of that area (incl. the SMA 50) followed. Support remains intact. I drew in a trend line (although trend lines … Continue reading NFTRH; SPX Bounce Status, HUI Pullback Status (high priority)