NFTRH+; Status of gold and silver (futures)

A quick snapshot of gold and silver, post-CPI. Okay then, it appears gold’s wearing its inflation suit. This morning team pom pom cannot complain about a nefarious smack down after the data. The key level for gold to take out and hold is and has been 1920. This morning it is poking through resistance. Silver remains in its constructive pattern looking up at thick resistance … Continue reading NFTRH+; Status of gold and silver (futures)

NFTRH; Precious metals views beneath the surface

A few pictures and impressions, pre-CPI. It is possible that the HUI/SPX ratio double bottomed in early November. Of course, that could also have been said in April with a triple bottom that went on to fail. My personal view is that the broad stock market is over-valued, structurally over-bullish sentiment-wise and thus high risk, almost by definition. It will not take much to jerk … Continue reading NFTRH; Precious metals views beneath the surface