Gold Miners: Beautiful Pictures

After a well deserved correction of nearly 3 months the gold stock sector is still flashing positive signs beneath the surface, as the correction matures The correction that began in August amid the ‘Buffett Buys a Gold Stock!‘ tout has now ground on for nearly 3 months. As noted in the NFTRH 626 Opening Notes segment: “Thus far the correction in gold, silver and the … Continue reading Gold Miners: Beautiful Pictures

NFTRH+; This stock beats on earnings (again), drops hard, fills gap

I am talking my book because I just increased my position on this drop. It’s not a recommendation, as per all NFTRH+ updates. It is however, a technical view of a setup on another quality but richly valued stock that the market is addressing this week. The post-earnings drop has brought FTNT back to finally fill its May gap at a lateral support level. I … Continue reading NFTRH+; This stock beats on earnings (again), drops hard, fills gap

The Distinguished Gentleman of US Indexes

I have an ongoing gag (to keep myself, if no one else, entertained) where the distinguished Clark Gable is inserted into commentary about the old fashioned indexes known as the Dow Jones Industrial Average and the Dow Jones Transportation Average. He celebrates good weeks at Happy Hour and drowns his sorrows at bad weeks just the same. The joke started when I just could not … Continue reading The Distinguished Gentleman of US Indexes

NFTRH; Nearing 1st (but not best) HUI Target; Daily, Weekly & Monthly Charts [w/ edit]

[edit] Please excuse the chart, which does not agree with what I’ve written. In my haste I did not adjust to the fact that the SMA 200 has risen to the 38% Fib level from the 50%. I still see 280 followed by 260 as the better targets. But I wanted to clear up any confusion. Daily HUI shows that minor support at 300 is … Continue reading NFTRH; Nearing 1st (but not best) HUI Target; Daily, Weekly & Monthly Charts [w/ edit]

NFTRH+; Exactly What We Want to See

Picture = 1000 words about how good this will be for the gold stock sector if the recovery move in this ratio is real. And I have little reason to believe it is not real. Patience may be needed as the inflationist and over-committed bugs do their traditional selling. Gold stocks often drop while the macro funda improve. That’s what’s happening today. Continue reading NFTRH+; Exactly What We Want to See

5 year inflation rate

Inflation or Liquidation?

Conventional and traditional market analysis talks about investing as if it is a logical or normal discipline; as if there is a right way or wrong way to do it successfully. Invest for the long-term letting your adviser worry about the details, as if there is continuum in play that will… continue. That’s conventional stuff. My version of unconventional analysis accepts that it’s a desperately … Continue reading Inflation or Liquidation?

coppertube

Doctor Copper: “Don’t Panic, Reflation Traders”

Doc’s advice is not to let your anxiety reach unhealthy levels. Doc says “take a deep breath, relax”. That’s what Doc says today. He’s been known to flip prescriptions, however. So keep an eye on this quack for confirmation or negation of the cyclical inflation/reflation trades. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth … Continue reading Doctor Copper: “Don’t Panic, Reflation Traders”

NFTRH+; a Key Indicator Holds its Ground

Today’s market turmoil is keeping the Gold/SPX ratio not only intact but in a modest bounce. If it re-takes the SMA 200 we will firm up quite a bit on the gold stock macro/funda case and view the correction as a significant buying opportunity. So THING 1 has been for Gold/SPX not to break down. THING 2 would be to register technical buy levels for … Continue reading NFTRH+; a Key Indicator Holds its Ground

NFTRH 626, Out Now

I finished a little earlier than usual, which is great! Because now I get to go out and deal with the leave storm we get in this yard every year. Seriously, it’s absurd. One day I’ll have to break down and hire a crew to do it. Or better yet, move to a more pastoral setting. Meanwhile, the screenshot does its usual scratch of the … Continue reading NFTRH 626, Out Now

band

Blemish

I don’t mind the blemish. It wasn’t my favorite song to play when we used to get together, but I like it. I really do need to find another band at some point. This one got busted by health issues, relocation and probably just having run its course. Blemish- Chris: Bass, Vocal, Jim: Lead Guitar, Gary: Rhythm Guitar, Scott: Drums Continue reading Blemish

NFTRH+; Daily & Weekly Charts of a Software Company That Just Popped Into View

Pardon the after hours post, but maybe it’s for the best as I bought this stock at the close (after being out most of the day) and it was stumbled upon because I was researching SaaS and Cloud security and found OKTA to be ridiculously valued, Forgerock to be not yet public, SUMO to be still in its post-IPO smack down. On that stream of … Continue reading NFTRH+; Daily & Weekly Charts of a Software Company That Just Popped Into View