NFTRH+; A Look at a Copper Prospect

If the inflation play holds up through the current short-term (ref. this morning’s update) pullback copper stocks should again get bulled. As an example, FCX is pulling back hard, possibly providing a coming opportunity at or just below its SMA 50. But this update focuses on one small copper prospector that I’ve had a casual eye on and seems to be followed by a number … Continue reading NFTRH+; A Look at a Copper Prospect

cheer

Since They Cheered Buffett’s Entry (buying Barrick Gold)

Lesson #1,796,845 about how you have caution at least and run for the hills at most when the gold bug promoters school the public about how right they are and hold up stupid events like Buffett’s purchase of Barrick Gold at the damn top as validation. I make some people uncomfortable by criticizing promotional people and entities out there. But it’s part of my market … Continue reading Since They Cheered Buffett’s Entry (buying Barrick Gold)

indicators

A Look Inside the US Stock Market

US stock market leadership is intact We noted in NFTRH that Semiconductor leadership was well intact, but overbought. That is being remedied now as SOX/NDX and SOX/SPX pull back. Within Semi, the premier Semi Equipment stock, LRCX, is still in leadership mode, which I see as a positive as well, because the Equipment companies supply the Fabs that make the chips. i.e. they anticipate demand. … Continue reading A Look Inside the US Stock Market

NFTRH; ‘Reflation Trade’ Indicators & Vehicles, Status

The current macro theme is an ongoing inflationary reflation that will one day meet its end and morph into another liquidation along the Continuum (caution about that is currently targeted at around 2.5%). For a review of what I mean by “inflationary reflation”  you can check out the NFTRH 606 excerpt located here. The current micro theme is a normal pullback in the reflationary stuff … Continue reading NFTRH; ‘Reflation Trade’ Indicators & Vehicles, Status