An update of the gold stock bounce As a TA, I respect charts first and foremost. On occasion that respect has burned me as I’ve missed big profit opportunity or not seen a disaster unfolding that the charts missed. But much more often it helps me profit or saves me from disastrous ends. TA is just one tool in the box. An important one, but … Continue reading Gold stocks: technically short-term bullish, but…
Franco Nevada stock (FNV) leads again Early in the year we noted that FNV would lead them. Sure enough, it did; to a strong, tradable, but ultimately failed rally. Then we managed the low perfectly in September, before asking once again whether it could lead a new rally. Answer? Yes. FNV took out the moving averages, tested them as support and dinged a new high … Continue reading Franco Nevada leading the gold miners (again)
The Baltic Dry Index has dropped hard I most often use the MSfM as a contrary indicator as you probably know. But this morning CNBC provided me with a valuable insight on an indicator that I have neglected to look at for a good long while, the Baltic Dry Index, or BDI. Consumer prices jumped in October, but one indicator says inflation might be peaking … Continue reading Baltic Dry Index tanks, inflation to follow?
The copper price is still in a bullish flag As long as the good Doctor maintains the up-trending 200 day moving average it’s a bullish – or at least up-trending – situation. I hold CPER and COPX and was annoyed by those holdings yesterday as inflation markets sold the news of the drastic CPI. But the chart made me keep patience. This is one of … Continue reading Doctor Copper hangs in there