The Work That Silver Needs to Do

The daily futures chart makes it clear. Silver had a pre-market whipsaw up and back down this morning and it remains on consolidation at short-term support, locked below the down-sloped 50 day average. It retains the potential to break upward from this consolidation, where it would find the noted resistance, which is significant, and just above that the SMA 200 at around 17. Here’s the … Continue reading The Work That Silver Needs to Do

Gold/Silver Ratio: Slowly I Turn

Slowly the Gold/Silver ratio continues to turn; and step by step, inch by inch… The GSR even has a symmetry thing going on here as the little pullback has formed a right side shoulder to a baby Inverted H&S type pattern. Curiously, the GSR’s other rider of liquidity destruction, USD, is wobbling, but sloppy chart or not it’s doing so within a daily uptrend. So … Continue reading Gold/Silver Ratio: Slowly I Turn

S&P 500 Daily Chart

I’ve spent so much time managing gold miners (for fundamental and technical reasons) and the remote work/communications/commerce/healthcare stocks (for obvious reasons, in NFTRH not here on the public site) that other than each week in NFTRH the old wonder pig, SPX, has not gotten much airplay. So let’s stare at the daily chart of SPX as the market cheers the Gilead Corona treatment news and … Continue reading S&P 500 Daily Chart

Sandstorm Gold (SAND) per Request

Another subscriber request, this time for gold royalty company Sandstorm (SAND). I’ll add this back to the weekly NFTRH list as well so I’m not spending too much time out here doing individual gold stock charts. We find SAND (daily) in much the same posture as the sector, ticking a cycle high off a pattern that would have a nice upside measurement, assuming support holds. … Continue reading Sandstorm Gold (SAND) per Request

“Expert who called the 2008 crisis”…

Compliments of the MSM come a slew of headlines to whipsaw you with this morning. You can click the graphic to get all the details if you’d like. The media are only too happy to increase your noise level EVERY. SINGLE. DAY. Amid the ECONOMIES REOPENING!! hype there is the obligatory ‘Bond King’ stuff (meet the new Bond King, same as the old Bond King, … Continue reading “Expert who called the 2008 crisis”…

NFTRH 600 Out Now

600… can you imagine that? 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 joining our … Continue reading NFTRH 600 Out Now

Gold/Silver Ratio: Slowly I… well, you know

Thing 1 continues to emerge from its bull flag while Thing 2 is breaking down from its bear flag. Logical, eh? Macro dorks, have at it with your interpretations. Slowly I toin. 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 … Continue reading Gold/Silver Ratio: Slowly I… well, you know

About Gold Miners and Inflation

I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against … Continue reading About Gold Miners and Inflation

NFTRH; Market Sentiment

I wanted to go to Sentimentrader to grab actual graphical data and more detailed information, but their website is down this morning. So instead I’ll present their emailed summary. It is an obviously still bullish sentiment structure. NAAIM data as of April 22 shows a distinct recovery in money managers’ bullishness (or more accurately, FOMO*). If we make an assumption that the rally needs to … Continue reading NFTRH; Market Sentiment