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?
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
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
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
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