I am long and have been slowly creeping longer. I’d rather buy the silver bullet than the miners in this case due to mining execution risk vs. the metal’s ability to tear ass on occasion. But for now, slowly Ag turns? It’s Fed week and I hate that. I completely hate how markets act during the week when a bunch of economic eggheads who try … Continue reading Silver Grinds the Moving Averages
So we have a pre-FOMC party whipping up all across US and global markets, including commodities and precious metals. So what does Doctor Copper have to say about this? Doc says “I held support… whee… Party on Garth!” Well that’s a good thing because as we’ve noted already, it was very key support for it to hold at 2.50 to 2.60. The bounce is on … Continue reading Doctor Copper’s Progress
Time for another installment of the ever popular vs. Gold using ETFs as usual. SPY/GLD has been bouncing but is still suspect at best. ACWX/GLD is bearish below the moving averages, which are trending down. DBC/GLD is pure bearish, pure counter-cyclical. USO/GLD though bouncing a bit, is good stuff for gold mining operations. DBB/GLD is bouncing but still in tank (and counter-cyclical) mode. TLT/GLD has … Continue reading vs. Gold
I am keeping an eye on the Biotech sector as IBB starts to make a move. I’m not watching it to buy it but rather, because I’ve already bought it via GILD & REGN. Here is nominal IBB. And here it is in relation to broad Healthcare. Trends are down to be sure, but it’s worth keeping an eye on. My interest is actually in … Continue reading NFTRH+; 1 Sector, 2 Stocks
