Gold Miners Are Leading Something

HUI was in positive correlation to long-term Treasury bonds (TLT) from the top in the fear trades last summer to the end of February. Then they went opposite each other as gold stocks bounced while TLT continued to get hammered. I did not necessarily expect the negative correlation between gold/miners and bonds to endure, but so far it persists. We did, however, more than allow … Continue reading Gold Miners Are Leading Something

NFTRH+; Bear Flags (and a note to subscribers)

NOTE: I will be on the road for the next couple of days, so please don’t interpret any lack of activity on my part as having anything to do with markets. I am trying to button down my positioning this morning before I leave. Using GDX here instead of HUI because it shows volume. The picture is clear. GDX is breaking down from a bear … Continue reading NFTRH+; Bear Flags (and a note to subscribers)