Warren Buffett Bookends the Gold Stock Correction Where once many months ago Mr. Buffett’s entry into the ignominy of the gold stock realm was trumpeted by the gold touts with chests a thumping and bull horns a blaring, today to the sound of crickets and imploding senior gold miner charts Mr. Buffett is shown to have left the sector behind. Thanks to subscriber ‘MS’ for … Continue reading Buffett Pukes a Gold Stock!
[edit] Obviously not all gold stocks will follow HUI. Some of the smaller ones are and have been going their own way. I am using HUI as a general guide for the gold stock sector with respect to when the bias toward selling pressure may end. [edit 2] I neglected to note in this update the less favored downside target at somewhere around 170 +/-, … Continue reading NFTRH+; Once Again Defining the Coming Opportunity in Gold Stocks [w/ 2 edits]
DXY held the 50 day average and is bouncing from it this morning. The yellow box had identified a bounce pattern similar to the previous one from last summer. The first phase of this bounce did not quite make it to the targeted resistance zone but this one might after the hold of the SMA 50 on the pullback. I’d look for 92.15 as a … Continue reading NFTRH+; US Dollar
