NFTRH+; Furthering the Hint in the Miners

On March 29th we noted a hint in the HUI/Gold (GLD) ratio. Today, it has progressed to a positive looking indicator. In fact the pattern looks a lot like the short-term bullish ones we’ve noted on stocks like WPM, KGC, NEM and others. The HGR is above the SMA 50 and if this inverted H&S looking thing breaks upward it would take out the SMA … Continue reading NFTRH+; Furthering the Hint in the Miners

NFTRH+; Gold, Silver & HUI Daily Technicals

A simple look at the pre-market futures charts of gold and silver and HUI’s status at yesterday’s close. Gold is thus far holding to the ‘retest of the lows’ and a short-term double bottom scenario. We also allowed for a drop to the lower channel line but for now gold has its eyes on the resistance area that coincides with the down trending SMA 50. … Continue reading NFTRH+; Gold, Silver & HUI Daily Technicals