NFTRH+; HUI daily chart & notes on gold, silver and the macro

HUI’s bounce has come to its first key level. Here resides the down-sloping SMA 50 and lateral resistance. This was the minimum bounce objective and it could halt the bounce. But I would not discount the down-sloping SMA 200 as HUI is not nearly overbought and you just can’t count on technicals to do the same thing they did last time (Huey failed at the … Continue reading NFTRH+; HUI daily chart & notes on gold, silver and the macro

BLS: Jobs +235k, way below expectations

August Payrolls disappoints at 235,000; one sector would benefit So I guess that the Citi Economic Surprise Index per yesterday’s post is more concerning still, as analysts expecting +720,000 new jobs get whacked upside the head again. A click of the headline yields the report from BLS… Here is the visual on who is and is not gaining employment. WTF happened to Leisure and Hospitality, … Continue reading BLS: Jobs +235k, way below expectations