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NFTRH; The Nature of the Gold Stock Launch

Impulsive rallies can be blow off ending signals when they come after long up trends and amid over valuation. One recent example was the January 2018 manic blow off and interim top in the over valued, over loved S&P 500. But when it comes in an under valued market (as we have been noting for months now by HUI’s proximity to its sector fundamental measures … Continue reading NFTRH; The Nature of the Gold Stock Launch

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NFTRH; Gold, a Key Currency Pair and an Implication

I am far from an expert on why the CNH/USD currency pair and gold had traveled so well together. But I do have eyes and can see that they have traveled together in the recent past. Another thing I can see is that CNH/USD traveled well with the Q1 2019 upturn in China/EM in nominal terms and in relation to the US. That’s not shown … Continue reading NFTRH; Gold, a Key Currency Pair and an Implication

A Tri-Metallic Live Chart Update

In order of appearance these metals are the cyclical inflation signaler, the counter-cyclical relative disinflation signaler and the really early and intense inflation signaler (at least in its relationship to gold). Or some such things; work with me here. Copper has been bearish and is in a major downtrend (SMA 200) with the potential to establish an intermediate uptrend (SMA 50). It’s probing critical support … Continue reading A Tri-Metallic Live Chart Update