Sandstorm Gold and Why Sometimes You Just Hold the Line

SAND was an under-performer on the post-May rally in the precious metals, but I held it as one of the keepers while taking profits on many of the vertical bottle rockets that went off last summer. The reason was partly that under performance. It did not seem as vulnerable as some others to the oncoming correction. But it was mainly because Mark at IKN (the … Continue reading Sandstorm Gold and Why Sometimes You Just Hold the Line

Silver/Gold Ratio Short & Long-term Status

Daily Silver/Gold ratio (SLV/GLD) continues to cling to the story of a coming inflation situation as it also clings to the up-turned 50 day average. Monthly Silver/Gold… well, you know. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep … Continue reading Silver/Gold Ratio Short & Long-term Status

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NFTRH+; Future Low Risk Buy Level on ENPH

This home solar company got hammered by the market despite going profitable and exceeding analysts’ expectations on its most recent results. Okay fine. A richly valued growth story sold the news. Logical. We care about the charts, however. The daily is at a potential bounce area above the SMA 200, but I don’t see it as necessarily the low after the post-earnings reaction. Typically events … Continue reading NFTRH+; Future Low Risk Buy Level on ENPH

99.5% Rate Cut Today T-minus 4 Hours

CME boyz predict a .25% cut today in near unanimous fashion. They ease up in December, leaving room for the Fed to surprise the market should there be some kind of meltdown like last December (remember the Christmas Eve massacre, which was an epic buying opportunity as the machines puked the market while the humans downed the spiked eggnog). The bottom line is that the … Continue reading 99.5% Rate Cut Today T-minus 4 Hours

SPX Drive to 5… Headlines of a New Record at Point 5

Finding myself with a little time to look at the market today, it is almost comical how well this robot is following instructions. Since it broke above resistance in the summer and turned it to support with a couple of hard tests (whipsaws) SPX has been programmed for a second hit of point #5 of the reverse symmetrical triangle. That is a bull turnstile or … Continue reading SPX Drive to 5… Headlines of a New Record at Point 5

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NFTRH 574 Out Now (and a note)

NFTRH 574 bulks up to 71 pages this week. That is because it includes a bunch of charts of stocks in two sectors that would be part of a global reflation trade… the Industrial Metals Miners and Global Shippers, both per subscriber requests. We will track the TA and associated opportunities on them going forward for as long as a cyclical ‘reflation trade’ remains viable. … Continue reading NFTRH 574 Out Now (and a note)

Silver & Gold to Inform Dr. Copper and so, the Macro

They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals whose interplay will be critical to deciding the coming macro for 2020 and the run up to the next US election. Thus, they are the 3 Metallic Amigos, riding together but providing different signals at … Continue reading Silver & Gold to Inform Dr. Copper and so, the Macro

Twitter and The Wonders of Balance

I am taking a brutal hit in this stock today and yet the portfolios continue to float around near the highs of August-September. That includes a pretty hard pullback in the gold/silver stocks. In keeping with tradition, this is the website that does not try to hide or soft-shoe its screw ups while amplifying its good calls (like ROKU, since sold for a nice profit). … Continue reading Twitter and The Wonders of Balance

Updated Inflation/Reflation Pictures

A look at a few of the macro indicators to what is ahead regarding the inflation/deflation (or damn her, Goldilocks)* view… The Continuum (30yr bond yield, monthly chart) still resides above 2.2% resistance. It’s still in-month October, but so far it has clung to its constructive state after the yield washouts of August and September. Amazing how 1 year ago all you could hear was … Continue reading Updated Inflation/Reflation Pictures

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NFTRH+; Tax Loss Selling Season For a Once Hot Sector

A different sort of NFTRH+ update. Let’s take a look at a few bombed out charts from the Pot sector in light of tax loss selling season that is getting in gear now, and a would-be ‘January effect’. These stocks have delivered big losses and to a degree may be bought back after the tax loss washouts. This is not so much TA as it … Continue reading NFTRH+; Tax Loss Selling Season For a Once Hot Sector

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NFTRH; Gold Stock Correction Update

The longer the correction has gone on the more it has moved from the look of a minor topping pattern to a potential consolidation pattern, with the overbought readings addressed through both price and time. Personally, I feel well corrected even though I have retained the majority of profits. That is because of the time element and the mental grind of hedging, balancing and analyzing … Continue reading NFTRH; Gold Stock Correction Update

WOOD You Believe It?

Two of the most annoying things I would think that bloggers do are to post music they like assuming anybody else wants to hear it and make post titles with cute turns of phrase. Ah well… The Timber & Forestry iShares broke above a neckline this week off of a potential bottoming pattern. I bought it yesterday after highlighting it over the last couple of … Continue reading WOOD You Believe It?

Case in Point: Why it Has a “great distance to rise” and Why It’s Still a Pig

In the previous post editorializing about why it’s a pig despite what conventional valuation metrics may say, we focused on the reasons that said metrics have remained okay. Namely, money has been cheapened relative to the stock market (the inflation worked for financial assets first and foremost in the post-2008 inflationary operation put in play by the hero, Ben Bernanke) and that money is the … Continue reading Case in Point: Why it Has a “great distance to rise” and Why It’s Still a Pig