A surprise on a lousy day: Orogen Royalties [w/ edit]

[edit] A subscriber advises it was Casey Research with the pump. Hence, with the stink of that herd on it I took my 49% and 48% on two positions. Simple. With a hat tip to subscriber RK who reco’d this to me some months ago. I’ve been holding its basing pattern patiently ever since using the US listing OGNRF and including it in the miner … Continue reading A surprise on a lousy day: Orogen Royalties [w/ edit]

This is one cynical inflator…

Repeat after me… “you have to invite the vampire into your house” Dow drops 500 points to session low after Powell mentions speeding up taper even amid omicron threat These cynical bastards are going to make you good and desirous of a continued inflationary operation. They created it, the public – led by the usual suspect trend followers in the media and Twitter influencer brigade … Continue reading This is one cynical inflator…

NFTRH+; a simple macro update

Looking at it through the lens of the inflation/liquidity indicators and the anti-liquidity indicators we find Team anti-liquidity with an upper hand of late with Omicron providing an excuse for markets to reject the inflation theme, in the interim at least. The bottom line of what I see below is that it’s a cool down of the inflation trades, but they are not busted. There … Continue reading NFTRH+; a simple macro update

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NFTRH 682 excerpt; COVID-19, 4th Wave

Before this week’s COVID mutant headlines served well to take more enthusiasm out of a frothy market that we have been noting to be at longer-term ‘structural’ (as opposed to varying short-term) sentiment risk, we took a look at COVID-19 from a different perspective. NFTRH 682 discussed the contrary deflationary or dis-inflationary view that could re-set the Fed from its current hawkish pretense. #682 also … Continue reading NFTRH 682 excerpt; COVID-19, 4th Wave

NFTRH: A Black Friday-free zone

As my inbox gets bombed with Black Friday deals, including from a large market newsletter service, I think to myself ‘self… why don’t you do that?’. Self then replies: Because it’s not fair to existing subscribers. Trolling for customers with the excuse that a dumb consumerist marketing concept with an equally dumb name makes it okay is not okay. Not in my book. If I … Continue reading NFTRH: A Black Friday-free zone

Here comes the news cycle: COVID-Variant style

COVID Variant news on Black Friday Complete with the obligatory picture of a dazed, confused and bemused trader above the media are serving a post-Thanksgiving side dish of COVID Variant; a nasty mutant apparently originating from a single patient in South Africa who incubated (hosted) the thing until it could ‘evolve’. Dow futures drop more than 700 points on fears of new Covid variant found … Continue reading Here comes the news cycle: COVID-Variant style

NFTRH+; Tax loss selling buy areas in these former darlings

It’s not to say that I am going to buy all or even any of these stocks, but they are some of what I have on watch to consider doing just that, market willing. The favored buy areas are noted by support on the weekly charts. These types of plays typically require patience, both in waiting for a logical low and a would-be turnaround. CRSP … Continue reading NFTRH+; Tax loss selling buy areas in these former darlings

Metallic Commodity Whack-a-Mole

Different short-term conditions among the metals As the macro tries to sort itself out with respect to the near-term play being inflation (good for some things), deflation (bad for most things) or Goldilocks (good for some other things), commodities, which would obviously prefer Thing 1 are all over the map, doing the Whack-a-Mole thing they often do (as I picture large traders and machines roving … Continue reading Metallic Commodity Whack-a-Mole

NFTRH+; These ratios are intact despite the violence

Just a heads up on a couple of pictures. The Silver/Gold ratio held its constructive to bullish look despite a day of price violence in the precious metals (including the PGMs) and volatility elsewhere. No change to the current view. If this resolves upward the implication is it would be beneficial to precious metals stocks and commodities/inflation trades. The HUI/Gold ratio held up today as … Continue reading NFTRH+; These ratios are intact despite the violence

NFTRH+; low risk vs. potential reward in this Agri commodity

I added Soybean fund, SOYB today for the following reasons. Unlike some Teucrium Agricultural funds, SOYB tracks Soybean futures well. The daily chart has been in a long downward consolidation, from which it is breaking. The seasonal aspect looks good. The sentiment aspect looks good. Here is the ETF, having jumped above the 50 day moving average, which can also act as a caution/tolerance  point. … Continue reading NFTRH+; low risk vs. potential reward in this Agri commodity

NFTRH+ GDX micromanagement working well so far

Just a not so subtle reminder that the NFTRH service includes in-week updates, some of which are macro-oriented and some of which are micro-oriented like this now-public update about the short-term situation in the gold miner ETF. Near-term plan for GDX Here is the chart from the update, as of this morning. Gap filled and support being tested. Now, I am not touting because I … Continue reading NFTRH+ GDX micromanagement working well so far

Gold: It wasn’t the “next leg up”

Gold and Silver monthly chart status, from NFTRH 682 Last week I saw another heavily followed micro-manager on Twitter (I don’t recall the source) detailing for his followers how gold was on a daily chart trend line breakout that could be signaling the next leg up. Well, this morning we know conclusively that there is no ‘next leg up’; not yet. Gold was halted below … Continue reading Gold: It wasn’t the “next leg up”