NFTRH 640, Out Now

Yup, we get into this crazy #silversqueeze promotion that the bugz are trying to cook up. But trying to instigate a short squeeze like the kids on Reddit is casino gambling. The conversational formatted NFTRH 640 has other more serious matters to discuss about the macro and it does that in direct fashion over its 18 pages. For “best of breed” top down analysis of … Continue reading NFTRH 640, Out Now

Can the Silver Bugs Alter the Macro?

As to the post’s title, they sure are trying. Despite doubts that the stodgy old likes of me may have. But for two days at least dem bugz is successfully battlin’ dem boyz on da COMEX. The result is that the Silver/Gold ratio (weekly futures chart) has been rammed to a new high for the post-crash move. If we back completely away from the #silversqueeze … Continue reading Can the Silver Bugs Alter the Macro?

NFTRH+; Indicator Status Update

The Gold/SPX ratio is still trending down but has ticked back above the resistance area. More work needed, obviously. The trend remains toward cyclical and risk ‘on’ by this picture (as it does by the Silver/Gold ratio as shown this morning). The NDX/SPX ratio is still intact. SOX/NDX is intact also after taking a much needed correction. 30yr yield is bouncing (as is the 10yr). … Continue reading NFTRH+; Indicator Status Update

NFTRH+; and now for something completely different

Let’s take a break from the silver hysterics and consider whether or not this whole damn stock market is going full frontal casino. Today was the 3rd day in a row that Fidelity’s little hamster fell off his wheel and the gears seized up during the first 15 minutes of US market action. Something is in this market and it is mucking up the works … Continue reading NFTRH+; and now for something completely different

NFTRH+; In-day Snapshot of the Silver Operation

Chests were thumping and endorphins were releasing on Twitter, as if it were a done deal. Well, the deal is not done yet. But if we are going by the technicals and tuning out the pumpers… Silver is looking good. Silver Miner ETF is okay above the moving averages. Still, it’s not the Reddit style thing they’ve been pumping. I prefer this because it is … Continue reading NFTRH+; In-day Snapshot of the Silver Operation

NFTRH; About the Silver Squeeze

Now the gold and silver bug community is on board the short squeeze express, exposing itself as the gamblers and casino patrons (as opposed to sound money advocates) many of them are, trying to run a Reddit style operation aiming at the silver ETF, SLV. I would think that it won’t work as expected because it’s not a short squeeze on a crappy video game … Continue reading NFTRH; About the Silver Squeeze

NFTRH; Precious Metals

There is noise this morning about the Reddit crowd getting involved with silver. There is also noise about brokerage/trading accounts going down across multiple platforms, including my own Fidelity account. I have no clue what is afoot in the markets behind the scenes, but something is up even if just a glitch in the matrix. I am going to disregard all of that functionally, and … Continue reading NFTRH; Precious Metals

NFTRH+; US Dollar Status Per This Morning’s Futures

As harped upon for the better part of a year now, it’s all about the US dollar with USD being the anti-market to most cyclical and ‘risk on’ markets being pumped by the Fed and global central banks. DXY and the Gold/Silver ratio have been marching along in downtrends but potentially forming little daily chart bounce patterns. USD in particular, looks this way. We have … Continue reading NFTRH+; US Dollar Status Per This Morning’s Futures

What Thing Looks Like the Other Thing?

Thing 1 (USD) looks a lot like Thing 2 (Gold/Silver ratio), and the 2 riders would bring death and destruction to the macro party if they were to rally Here is a daily chart of the US dollar fund UUP along with its fellow would-be destroyer of the macro, the Gold/Silver ratio (shown here as GLD/SLV). As yet the two horsemen are each locked below … Continue reading What Thing Looks Like the Other Thing?

NFTRH+; HUI Daily Chart, Another Interpretation

In true testament to the idea that a TA can make a chart say whatever she wants it to say, let’s put aside for a moment the H&S pattern (ref. weekly chart in previous update) and re-draw the daily with the post-July downtrend defined by a trend channel. Suddenly there is confluence between the channel bottom and the lateral support zone. Just an FYI and … Continue reading NFTRH+; HUI Daily Chart, Another Interpretation

NFTRH+; HUI Daily, Weekly & Monthly

Another HUI micromanagement update. HUI daily is losing the pattern neckline in-day. It can hold the breakdown or it can head fake reverse back upward. I does not matter to me at this point. I’d prefer a breakdown to finish cleaning the bugs out, but that is the market’s decision. HUI weekly shows the situation as nothing worse than on track to our original target … Continue reading NFTRH+; HUI Daily, Weekly & Monthly