Were I conspiracy minded I’d be looking at this chart and wanting to punch someone (or some black box robot) in the face. Oh wait, I am conspiracy minded; the market is little more than a collection of conspiracies large and small, perpetrated in groups and individually. It’s how we handle that information that matters. This conspiracy appears to be large. Listen, did you hear … Continue reading Gold’s Disgusting Action, In-Day (2 min. chart)
Just a quick note. As I said to my friend Scott just a few minutes ago… “Hey Scott, it is actually pleasing to me that they are taking down the miners pre-Fed. Much preferred over the opposite. Now, with GYX/Gold, Pall/Gold etc. crapping it some things are coming in line for the gold sector.” The point being that the Fed is in dove mode (not … Continue reading NFTRH; A Pre-FOMC View of the Gold Miners
Pd… breaking bad again. Pd/Au… also looking none too pleasant. This is a would-be negative macro indicator. Pt… threatening my bottoming stance (and long position), but still intact to that theme, so I’m holding. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup … Continue reading Pd, Pd/Au & Pt
The countdown to the Fed’s “decision” on interest rates is on. With great interest man and machine wait for the Fed to tell us what the wise guys at CME Group already know; there is no rate hike today. The current stance of CME futures traders is a 97.5% chance for a hold and a 2.5% chance for a cut. What’s more, as far out … Continue reading FOMC: 06.38.30
