Closer to a Christmas Eve Close-Out Sale?

The excerpt below is the brief Opening Notes segment from last Sunday’s NFTRH 579. We’ve been compelled by the market to obey the bullish trends and have a bullish view most intently since SPX went through the bull turnstile but really, well before that as it held the up trending SMA 200 in August and on another drop, again in September. The trends have been … Continue reading Closer to a Christmas Eve Close-Out Sale?

So How’re Those Miners Doing in the Face of November’s Jobs Data?

Well, so far the ratio of gold miners to gold is holding up well. The ratio of SIL to SLV is holding up better than well. It feels like a market speaking to those who care to listen. As I pointed out last week, there is a scenario in play here where gold (and silver) bugs do not need to repeat the post-2012 indignities, despite … Continue reading So How’re Those Miners Doing in the Face of November’s Jobs Data?

Payrolls +266k, the Details…

You can click this graphic for the detailed November Payrolls report from BLS. Here is where the heavy lifting came from. There is the usual onslaught of services jobs relative to productive jobs. But what’s this? Manufacturing has spiked despite the fading ISM data (including hiring)? Well, that was from the returnees of an auto worker strike so I guess one offsets the other. We’ll … Continue reading Payrolls +266k, the Details…