Uranium is flagging after breaking a monthly chart base Wanna see a nice bottom? Not that kind of bottom! This kind of bottom. It turns me on. A long-term base. Here’s the monthly chart of Uranium futures. I hold 4 Uranium positions and had not previously had a decent chart of u3o8. Now that I have it I hold those positions all the more firmly. … Continue reading Yellow Cake is flagging out of a base
The Gold price is again at resistance The reason it is important to watch gold try to do this… Is because if it does that and takes out the 1920 gateway, it’s probably going to do this… Who’da thought market analysis could be that simple. Eh? For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth … Continue reading Gold is making another run at resistance
The copper/gold ratio is on another upside surge There is (lagging) inflation hysteria in the news and the copper/gold ratio is taking that and running with it, as would be expected with the decline in the dollar (sorry inflationist gold bugs, but your metal is not special… yet). Now, is this going to be another ill fated green arrow, head fake, whipsaw and reversal or … Continue reading Copper/Gold Ratio; real this time?
A lower priority update, as would be any ‘day trader views’ like these 15 min. charts. The markets got peppy at the open and left gaps. Best to have those filled, assuming it’s not a real reversal after a little bull trap (always a possibility in a structurally over-bullish market). But the daily chart trends… dey still be up after holding on the recent correction. … Continue reading NFTRH+; a little in-day micromanagement
The copper miners, that is. COPX is a member of the model portfolio (and before that, one of my other portfolios), as Captain Obvious thinks it’s a, well, rather obvious inflation trade that has been consolidating since May. 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+ … Continue reading The miners are breaking upward…
US dollar index (DXY) losing the SMA 50 Back on January 2 NFTRH 687 noted and we prepared for a US dollar failure of its SMA 50, which would load a potential and key downside target (I’ll keep it to myself, but it is one of those marked on this chart), which would coincide with a bird flipped in the face of the hawkish Fed, … Continue reading Uncle Buck: “Ruh Roh”
