NFTRH+; Gold Miners’ Short-term Technical Status

Despite the big up day, HUI (daily) remains in consolidation. GDX (daily) remains in consolidation. GDXJ (daily) remains in consolidation. Captain Obvious’s bottom Line The gold stock sector remains in corrective consolidation, despite the big bounce today. Overbought readings have been worked off and it could break out of consolidation from here or it could drop and fail the SMA 50. Regardless, it has already … Continue reading NFTRH+; Gold Miners’ Short-term Technical Status

Gold/Silver Ratio: Slowly I Toined… [w/ edit]

Toined the macro, that is (in Moe’s Brooklyn accent). Step by step… A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its … Continue reading Gold/Silver Ratio: Slowly I Toined… [w/ edit]