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”