NFTRH+; Upside Targets for These Junior Miner Chart Patterns

The junior mining, exploration and development names often go to their own drummer, especially as gold stock rallies mature. As such, I want to review again some crazy technical targets on a few of my holdings (SBB.TO and MMX not currently held). It is so important to note here that these are not predictions, but for crying out loud they are chart patterns and measurements … Continue reading NFTRH+; Upside Targets for These Junior Miner Chart Patterns

Gold Miners Still Pushing That Cart of Rocks Up Hill

Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019. As tracked in NFTRH, in 2019 the macro backdrop became positive for the gold stock sector as gold entered a bull market by taking out the 1378 level and its ratios to … Continue reading Gold Miners Still Pushing That Cart of Rocks Up Hill

NFTRH+; Gold Stock Sector Viewed From Several Angles

Let’s look at the gold stock sector from a few different angles. First, its leadership to SPX, which is fully intact (daily chart). It’s leadership to gold, which is getting hit hard but is intact. We’d want to see GDX/Gold hold the area of the up sloping daily SMA 50. While we’re at it, it doesn’t hurt to view Gold/SPX once again, since this is … Continue reading NFTRH+; Gold Stock Sector Viewed From Several Angles

NFTRH+; This Commodity Sector is Different

It did not materially participate in the relief rally but has been making a potential bottom/bounce pattern as we’ve been noting. The Agricultural sector is one of those that marches to its own beat with seasonal, weather and I suppose even demographic influences. As such, I am giving my DBA position a little leeway as I manage risk and try to navigate a potential change … Continue reading NFTRH+; This Commodity Sector is Different

fomc

FOMC

Okay speed readers, prepare to read the statement and spring into whatever action it demands! Oh, wait, never mind. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around … Continue reading FOMC

NFTRH+; 2 Medical Device Companies

I have been watching the medical device sector launch upward (largely on the back of Intuitive Surgical, ISRG). As such I put two lagging but prominent stocks on radar, MDT and BSX. MDT lagged in part by what drove ISRG; namely, that regulators have increased some barriers to entry to Robotic Surgery, which evidently dinged MDT (which acquired Mazor Robotics a few years ago). MDT … Continue reading NFTRH+; 2 Medical Device Companies

#karens

One downside of being a 7 day a week worker is that so much of American culture slips by me. Wait, that is probably an upside considering the perma-stupid gaining an upper hand in this country. Anyway, I hear “Karen” this and “Ken” that and think there’s some kind of a meme out there but I don’t really know what it is because I am … Continue reading #karens

Humbled Once Again by a Subscriber’s Input

From subscriber GZ… Hey Gary…..just a quick note to say thanks! My trading has improved markedly since I began my subscription and I owe a lot of the credit to you. I have learned so much by observing your process as well as the thoughts and reasoning that accompany that process. Your honesty, humor and candidness are a the perfect complement to your skilled technical … Continue reading Humbled Once Again by a Subscriber’s Input

Copper/Gold Ratio

The Copper/Gold ratio has been easing since it dinged and dropped from the down trending 200 day moving average. In other words, for now Cu/Au has held its long-term downtrend intact but not yet aborted its post-March uptrend. All you happy macro reflation types had better be cheering for the good Doctor over the dour old man. We can see that in slipping below the … Continue reading Copper/Gold Ratio

NFTRH+; a Little HUI Daily Chart Micromanagement

As noted in this morning’s update, the HUI target remains open, unlike those for gold and silver. The target is 375 and has been in place for a year or so. HUI boinked above 360 yesterday so that is in essence the target area. But the fact that HUI is pulling back today actually helps the case to hit the target in my opinion. Yesterday … Continue reading NFTRH+; a Little HUI Daily Chart Micromanagement