A simple update showing the world (ex-US) vs. the US market in light of the punitive (to the wealthy and US corporations) Biden tax plan that should come as no surprise. But our job is to deal with the macro we are presented. So if today’s knee jerk is the start of something worse in the US *, it would be helpful to realize that … Continue reading NFTRH+; Forward Strategy
A look at a key indicator for the broader macro and for gold stocks The US stock market is getting clobbered today on Biden’s capital gains and corporate tax plans (ouch) and yet gold can’t even muster a hint in relation. The miners on the other hand have at least made a hint (as they also have relative to the metal they dig out of … Continue reading Gold and the Miners vs. SPY
PPH was added for technical reasons, FNV for gut reasons Yesterday I noted the daily chart pattern for which I bought PPH, the Pharmaceutical ETF. Back in February I added FNV per the NFTRH Trade Log (and weekly portfolio updates), and noted it later in this post as we evaluated the prospect that FNV may have been leading the gold sector bounce (it was). I … Continue reading PPH & FNV; Man Stares at Two Charts
Just another update micromanaging the ongoing bounce in the metals and Gold Bug index. Gold has reached the top of the original channel we have been following, but I’ve added a new channel (blue dashed) that coincides with the SMA 200 at 1858. The bounce could theoretically end here. But the SMA 50 (1748) is now short-term support and that is the key to keeping … Continue reading NFTRH+; Gold, Silver & HUI Bounce Status Update
