In NFTRH 636 we noted.. “Unfortunately, the gold and silver Commitments of Traders data are not offering positive signals. While neither is a show stopper, we’d prefer to see speculators less bullish on both metals at this point. But it has been a strange year for CoT signals and I am going to give this lower priority for now.” Unfortunately, it was not a lower … Continue reading Gold & Silver Commitments of Traders
Here’s an in-day update that is hopefully coherent, given that I’m doing everything in real time. I’ll post it first and edit it second. It is not lost on me that the 30 year yield is approaching the 1st (but not likely last) caution zone of 2%, where we had projected the potential for some turbulence. Assuming the general rally continues beyond any disturbance that … Continue reading NFTRH+; Update
Golden pom poms bring a reaction, as is often the case A subscriber pinged me about the first one, a pure and unadulterated contrary indicator. But in viewing the gold websites there have been a cluster of others over the last few days. Gold Market Update – set to soar as hyperinflation looms… Gold Mauls the Dollar and Silver Stocks Soar Gold to $2300 and … Continue reading Golden Pom Poms, Usual Result
Yield curve noses up to highest point yet in post-August 2019 steepener Ho hum, the yield curve is +5% as nominal yields continue to rise as well. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep … Continue reading Another Day, Another Yield Curve Steepening
The precious metals obviously got caught up in the sleazy sentiment backdrop whereby everybody’s terrified on Wednesday and relief sweeps the land on Friday. Never mind that Payrolls sucked and nothing has changed. It’s all going to be about the Fed and its policy, which has not changed. This is the technical tolerance to a normal correction. The gap is filled (as are the gaps … Continue reading NFTRH+; Gaps Filling
Tesla stock motors upward while a bear flips Elon Musk Dethrones Jeff Bezos While Wall Street Bear Admits Mistake Funny what bubbles will do. Elon Musk seems to be a brilliant promoter and company builder. Good for him. No sour grapes to a serial success story. But the interesting part of the article is here… Meanwhile, RBC Capital Markets analyst Joseph Spak admitted he had … Continue reading A Tesla Bear’s Contrary Indicator
I wrote “progress” in the title because the short-term correction in gold and silver is ongoing but also has not compromised the technical standing of either of metal. The pullback has however, come roughly to the limit points by which they remain normal as opposed to turning abnormal. Gold would have us believe it is doing a similar post-FOMC head fake and failure as last … Continue reading NFTRH; The ‘Progress’ in Gold and Silver
