Really, that is what this market is. It feels like a slam dance pit. As America changes before our eyes into something not familiar to many of us (thank you to the fake conservatives caring little about history and blindly backing Trump no matter what) here is something that is familiar. You probably have not seen Link Wray or maybe even not heard of him. … Continue reading It’s a Rumble
I mean, in this country now where anything the president wishes to be true becomes true, why not simply erase my favorite long-term indicator to the monetary chicanery? Seriously, this is what I found when I went to stockcharts.com to go grab the chart. Ha ha ha. Don’t like what it’s saying? Simply erase it. They do that with so many other macro signals (e.g. … Continue reading Who Needs Treasury Yields, Anyway?
Continued relief or more pain to come? That is the diagnosis for which Doctor Copper will write his next prescription. Here we have the Cu futures taking out 2.50 and boinking the next anticipated level, the SMA 200 at 2.55. The trend in said SMA 200 is down as is the trend in the SMA 50. Now please understand I am not one of the … Continue reading No Prescription Yet From the Good Doctor
…but today he’s vigorously pumping the Jobs number. His Twitter is littered with the stuff. What a spam artist. Of course the ‘experts’ were wrong. They are usually wrong. That’s why I tune out ‘experts’, especially economists. Never a more Wrong Way bunch of Corrigans have I ever seen (don’t believe me, believe the Economic Surprise Index, constantly showing how surprised the experts are by … Continue reading Not Only Was He Tweet-Pumping the Stock Market the Other Day…
I am trying not to be an indiscriminate buyer. I added the shares of WDOFF back that I’d previously sold and bought and increased FNV. But I am still thinking about GDX below 31 for a minimum correction. Could be wrong, but they don’t give us the answers ahead of time. I also put in bids significantly lower at major support in GTBAF and MAIFF. … Continue reading NFTRH+; A Setup on a Premier Precious Metals Royalty
Today risk ‘off’ gold is being driven to a lower low on the big market euphoria. It is still in the short-term support zone but it has lost the SMA 50 as well. It appears that the negative RSI divergence is finally winning out. That’s the bad news. The good news is that the trends are up and gold is probably readying for the next … Continue reading NFTRH+; Gold Ticks Lower Low, Daily Technical Status
The CDNX/TSX ratio was first and the Silver/Gold ratio was second. Today CDNX/TSX ratio is getting clobbered. A reaction always was going to come about, but this is a severe pullback on a day that markets are celebrating a jobs report that was probably in the bag the whole time (it was bound to partially recover as some point but it is still dreadful). Let’s … Continue reading NFTRH+; That Which Led is Still Leading
Thank you dear manipulatively hands-on president, dear panicked, reflating Federal Reserve, dear Treasury and dear me (AKA taxpayer) for funding this ridiculous market sentiment event. Jet Blue has flown to the SMA 200 and I’ll take my profit now. Continue reading Jet Blue Flies to a 43% Profit
Sorry folks, but it’s all in the bag and according to plan. They are inflating and now with the Nasdaq at its previous all-time highs the good news of the better than expected jobs report spreads joy (and FOMO) across the land. Ha ha ha. Click graphic, get report from BLS. Gold and Silver got knee-jerked (perfect) and the Dow is up 600+ points (perfect). … Continue reading Jobs Report and Reaction
