Gold’s Sentiment Status at a Seasonal Turning Point (on average)

Compliments of Sentimentrader, here are some views into the current sentiment standing in the gold market. Let’s get the supposed bad one out of the way first. Public optimism is too high, despite the macro market relief rally. But then again the last bull market lasted a decade, much of it with gold’s public optimism reading pinned above the supposed danger line. Bull markets create … Continue reading Gold’s Sentiment Status at a Seasonal Turning Point (on average)

NFTRH+; This Indicator is Motoring Upward Toward the Next Decision Point

It’s our old friend the JX/TSX (CDNX/TSX) ratio, which has been guiding the global macro (and our analysis) since it broke above its SMA 200 back in May. We then noted the Diamond consolidation and a coming breakout, which turned out to be up. Then it took out clear resistance as if it were a warm knife through butter. The next objective for this positive … Continue reading NFTRH+; This Indicator is Motoring Upward Toward the Next Decision Point

Silver/Gold Ratio Hangs Tough w/ the Macro Reflationary Bounce

In alignment with the still rallying but not yet confirmed macro state of the cyclical inflation/reflation-sensitive copper and other commodities, the indicator that would travel with such conditions is still in bounce mode within its major downtrend as well. Here is the daily futures chart of the Silver/Gold ratio. It has made 4 waves (no, I have in the least taken up Elliott Waves) and … Continue reading Silver/Gold Ratio Hangs Tough w/ the Macro Reflationary Bounce