Gold in Euros

As noted in NFTRH 616 yesterday, and with respect to the previous post about the Euro… I want to point out what looks like a buying opportunity for European readers. Gold dropped to the daily SMA 50 last week as measured in Euros. That is clear support. Testimonials A price increase will be in effect on September 1 ($38/mo, $390/yr). Subscribe to the value-priced NFTRH … Continue reading Gold in Euros

Historic Commercial Net Short Euro Positioning

Per Sentimentrader, here’s the epic CoT alignment in Euros showing Commercial Hedgers burrowing southward in their net short positions. I patiently remain short the Euro against the Trump/Treasury/Fed Triumvirate (TTFT) that is trying its damnedest to see that position fail. If this logical long-term resistance area does not offer said resistance I’ll have to think about aborting the position. Testimonials A price increase will be … Continue reading Historic Commercial Net Short Euro Positioning

Buffett Buys a Gold Stock!

The Bug-o-Sphere is all abuzz… Did Warren Buffett just bet against the U.S. economy? His latest investment raises some questions Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from Mars would be scratching their head” over how we treat the … Continue reading Buffett Buys a Gold Stock!