NFTRH+; USD Index & Copper Futures

Well if this is not a decision point I don’t know what is. USD index is making a hammer candle right at the last ditch support line we’ve been watching. Copper ticked 2.50 and it is no coincidence that these two generally opposed items are doing opposite things (at support and at resistance). The macro could go either way, inflation/speculation or deflation/liquidity drain. We are … Continue reading NFTRH+; USD Index & Copper Futures

NFTRH+; Silver/Gold Ratio Daily, Weekly & Monthly

I am not showing you anything new here but I tend to continually review indicators like this both for myself and for others who maybe have not caught all details to date. The Silver/Gold ratio (SGR) came to our warning point yesterday and of course today comes the pullback/reaction. The weekly chart adds a downtrend channel that the SGR busted down from during the COVID-19 … Continue reading NFTRH+; Silver/Gold Ratio Daily, Weekly & Monthly

NFTRH; Daily Futures Charts of Gold, Silver, Copper & USD

A pre-market snapshot using daily charts of key items. Gold continues to dwell in a longer-term resistance zone after holding support yet again. Trends are up and the pattern targets 1940 as long as support holds. The negative divergence could be just that, negative, or it could be refueling the metal from an overbought situation back in February. Silver is pretty self-explanatory. It is either … Continue reading NFTRH; Daily Futures Charts of Gold, Silver, Copper & USD