Precious Metals End of Week Technical, CoT and Fundamental Status

After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (sighs of relief palpable…). HUI/Gold Ratio is intact to its higher lows from September. This was a logical bounce point … Continue reading Precious Metals End of Week Technical, CoT and Fundamental Status

GaryApril 26, 2019April 27, 2019

Stock Market

Some Trades That Went Right This Week

Aside from some gold stocks I added at the downside target areas a few other things went well this week. JBLU was noted in NFTRH 547’s NFTRH+ Charts & Notes segment as “on watch” and was bought on the shaded bull flag per the Trade Log a while after. It then popped on earnings. SNE was added for Japan exposure after taking profit on FANUY … Continue reading Some Trades That Went Right This Week

GaryApril 26, 2019April 26, 2019

Stock Market, US

The Electric Pig Finally Breaks Down

Of course the title could only mean Tesla, which is hitting its lowest point since 2016. Nope, I am not short. But if this pig and some of its over valued fellows start to lead the US stock market down in the coming weeks (still holding open SPX to 3000 +/- potential based on the Megaphone) there should be plenty more hogs to round up. … Continue reading The Electric Pig Finally Breaks Down

GaryApril 26, 2019April 26, 2019

Currencies

Public Optimism and the US Dollar

It’s far from the only indicator worth considering, but it is important to note that public optimism on the US dollar is over done and on a sentiment basis portraying Uncle Buck as vulnerable and a far cry from last year’s sentiment and price low. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly … Continue reading Public Optimism and the US Dollar

GaryApril 26, 2019

Market Indicators

Copper Fades to Support Nominally & vs. Gold

Copper futures are testing the support area again after dropping below the daily SMA 50. Not too stellar there, Doc. Copper/Gold is testing its 2019 bullish trend now. A cyclical macro inflation situation would depend on indicators like this remaining intact. Gold may not care much whether an inflation is cyclical or counter-cyclical (stag) but copper is a very different story. And if we go … Continue reading Copper Fades to Support Nominally & vs. Gold

GaryApril 26, 2019April 26, 2019