Warren Buffett buys a gold stock, the media bullhorn it far and wide and out come the worst of the bugs, taking the bait and spreading the word across the land. Schiff, Keiser and some guy I don’t know but with a familiar name. When these bugs are touting with sweet vindication their authoritative victory speeches, you run the other way, mentally if not functionally. … Continue reading The New Buffett Indicator in Gold
Before TSX-V (CDNX, JX) made a lower short-term low today NFTRH 617 noted (along with a chart)… “Did TSX-V put in a little double top or is it just consolidating? If it’s a top, it appears to be a minor one, perhaps in preparation for a test of the up-turned SMA 50.” For those of us holding positions in members of this index the question … Continue reading TSX-V Makes a Lower Short-term Low
There are ETFs holding Uranium companies (URNM & URA) and there is a company holding the cake. We track Uranium holder Uranium Participation each week in the NFTRH Commodities segment. I recently bought it at this higher low, which it came to after barely scraping a higher high and dropping to fill a gap. You could say that the up-sloped SMA 200 is key support, … Continue reading Uranium
You probably did not need me to tell you that the Diamond consolidation is finally over and it’s a downward breakout. Support #1 (key for the near-term) is the 50 day average (318 and rising) down to 300 (lateral shelf). Support #2 (major) is the SMA 200 (currently 256 and rising). A major support test would not be the worst thing in the world on … Continue reading NFTRH+; HUI’s Diamond Updated
