A digital album by Isabela Tanashian Continue reading highway meditations (from down the line)
Silver and Gold Commitments of Traders as of October 19 Silver has been in a good contrarian sentiment setup by its CoT structure and from that a rally sprang as the whole sector was in the sentiment dumps in September. But it remains to be seen whether that was the sentiment low or just a sentiment low. Last week silver’s CoT saw large specs eat … Continue reading Silver & Gold CoTs tick the wrong way
Gold calmly continues cobbling its Handle, Miners lay in wait You see, there is all this noise out there. It comes mostly from inflationists touting gold in the same breath as copper, as oil, and as commodities of all flavors (and aside from gold and to a degree, silver, those flavors are cyclical). But you also see, gold is counter-cyclical in its best suit. You … Continue reading Gold; a thing of beauty…
Lab results are not in yet, but the copper price is above support I own CPER and could have taken a really nice short-term profit. Instead, I held and am not planning to sell now even though it is still profitable. If the copper price loses 4.45/lb. I’ll at least consider it (although the up-trending moving averages lay in wait as more support) because contrary … Continue reading The good Doctor orders a test
Franco Nevada stock (FNV) continues to rally Last April we noted the leader, FNV would lead the sector, after I bought the wipe out in March. In September we projected another low upcoming with support and the 62% Fib in view. Earlier this month we noted the hard bounce from that low at the 62% Fib. And so here we are, with the precious metals … Continue reading Would Franco Nevada lead them again?
I highlight things I see during the week expecting us not to over-react but instead, consider. What I see today is Healthcare (XLV) testing the April low in relation to the broad US market (SPY). May be be nothing, may be something (in the form of a double bottom). I have held healthcare related items despite the poor performance vs. the broad market because of … Continue reading NFTRH+; Double bottom in this market ratio?
While it appears that the next and possibly final leg* of the inflation is underway, the US dollar and Gold/Silver ratio (our macro indicators that would guide the other way toward liquidity problems and possible deflation scare) have not given up, although the GSR has weakened appreciably of late. USD (DXY) halted at target #1 back in September and has been dropping within its intact … Continue reading NFTRH+; Macro update
The 30yr bond yield Continuum… continues As 30 and 10yr Treasury bond yields hold and amp up their recoveries by this daily chart… …the big picture monthly ‘Continuum’ chart of the 30yr yield is bending its right side shoulder into shape as originally anticipated when we projected the summer cool down back in the spring. The implication is for a date with the (red) monthly … Continue reading On plan to the Continuum’s message…
As you know I have stubbornly refused to abandon the Cannabis MSO (multi-state operator) play. Indeed, I am slowly positioning with the view that last year’s high fliers are getting sold down by this year’s tax loss sellers. They chased them higher then, and I am buying lower now. Planet 13 is a former holding that I added back this morning and technically it is … Continue reading NFTRH+; they say ‘buy low’
Get ready for some lathered up Bugs… From NFTRH 677’s Precious Metals segment: Once again the micromanagement was done at nftrh.com last week, and so we can stay streamlined in this segment. The reminder is that the macro backdrop is not and has not been favorable for gold or gold stocks. A wild card would be if silver starts to out-perform gold and the sector … Continue reading Silver would lead… and it is
Lumber futures have hit the resistance area near the SMA 200 The bottom pattern in Lumber has spurred a rally to resistance. Said pattern measures to around 835, with the price currently at 814. I saw a MSFM article noting that home builders are revved up about their prospects and I guess this is related. A target does not need to be a stop sign, … Continue reading Lumbering headlong into resistance
Just moving along with the pre-Stag inflationary macro, noting opportunities and cautions alike… NFTRH 677, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using … Continue reading NFTRH 677, out now
Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk ‘on’ and cyclical While copper went through its correction we have been noting each week in NFTRH that the Industrial Metals index, GYX had never aborted its bullish stance. Trends remained up and the index price held the SMA 50’s intermediate … Continue reading It’s not just Copper; GYX indicated cyclical the whole time
The TSX-V/TSX ratio, the ratio of the speculative Canadian market vs. the senior Canadian market, which I use as a guide to speculative inflation trades, has spiked to take out the SMA 50, which it had failed to do on every bounce this year. While not proof of a bottom, it sure is the first required step to making one. Recall we used this indicator … Continue reading NFTRH+; this indicator is doing something it has not done since last year