Happy Thanksgiving From the 3 Metallic Amigos

As they ride off to their respective gatherings let’s get an update from the metallic macro Amigos. The counter cyclical Amigo has existed outside of the small bear flag since we highlighted its potential last time. This is in the context of a larger consolidation that could one day be looked back upon as a large bull flag that began from obvious resistance. The chart … Continue reading Happy Thanksgiving From the 3 Metallic Amigos

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NFTRH+; A Medical Diagnostics Seasonal Bottom Play

This one has shown up occasionally on watch in the NFTRH+ Charts & Notes segment and today it finally came aboard my portfolio. It’s a company with a lot of moving parts as it invests and divests to realign its business with a growth strategy in the diagnostic testing area. As you can see, the market did not care too much for its latest earnings … Continue reading NFTRH+; A Medical Diagnostics Seasonal Bottom Play

“Around This Time Last Year”

Not to pick on MarketWatch (this very writer has on rare occasion highlighted posts of mine) but MW is the MSM outlet that I watch the most (it is valuable for providing the up-to-the-minute stuff going on out there) You can click the headline for the article… The view for December 2019 is our “well, duh… “ moment of the day because the damn trade … Continue reading “Around This Time Last Year”

NFTRH.com’s “Convoluted [Gold] Commentary” Exposed

Okay, they have found me out. I spend all this time and energy with nominal charts, comparison (ratio) charts, different indicator confluences, time frames and whatever else I can confuse you with in order to make things harder than they should be. Because well, gold is manipulated and that’s all you need to know. Comment to a GoldSeek version of my post Today vs. 2012; … Continue reading NFTRH.com’s “Convoluted [Gold] Commentary” Exposed

NFTRH 578 Out Now

Screenshot, tell the nice people some words. 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 up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by … Continue reading NFTRH 578 Out Now

Gold & Silver CoT, err… Displeasing

Gold very simply refuses to get a trend going from its high risk state by CoT sentiment. Also, open interest is higher than it’s been since the bull began. A little improvement last week and this week a retrench. The graph tells me that there’s a whack job out there somewhere ahead. It’s either that or the seasonal low is not going to arrive at … Continue reading Gold & Silver CoT, err… Displeasing

Today vs. 2012; Different This Time for Gold

Gold bugs will remember 2012 as the last year of hope that gold was still in its bull cycle as it managed to hold key support around 1550 into year end. It should not be lost on us that here into year-end 2019 gold’s new bull cycle has risen to, and logically halted at, the very same former support that is now important resistance to … Continue reading Today vs. 2012; Different This Time for Gold

Like Gold 2009

Check out these monthly chart pictures… I remember feeling so bullish about gold’s 2008-2009 pattern as it was forming (Au went on to nearly double), so what do we make of other patterns forming elsewhere today? XLI (Industrials) XLB (Materials) KYCCF, Keyence Corp. (Japan) I am sure there are more, but I found these in just a short time of looking around. May be nothing, … Continue reading Like Gold 2009

Philly Fed Bumps Up, With a Cost-Push Inflation Hint

It’s just one region, but the Philly Fed’s Manufacturing survey bumped up in its most recent reading. The thing I find most interesting is the expectation that manufacturers will be able to out pace inflation with their pricing. If they are right, the highly technical term for that is an inflation-fueled economy flying up its own ass. If manufacturers start to feel as though they … Continue reading Philly Fed Bumps Up, With a Cost-Push Inflation Hint