GDX Golden Cross: a price paid
Another Golden Cross, another heartbreak and a price paid by believers in this TA novelty It usually, if not always, goes this way. As noted on January 24, the Golden…
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February 3, 2023
As the Gold price gets hammered…
The gold price is getting hammered, but its ratios generally are not... And that means something. Using the associated ETFs... Gold price adjusted by the silver price: not hammered. Gold/Silver…
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February 3, 2023
NFTRH+; Amid the mayhem, this item is risk/reward positive
I've been mentioning the seasonal low that Natural Gas tends to make in February. Here is the graph. If it were to follow this map it would make a low…
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February 3, 2023
Inflation Expectations
Inflation expectations are not buying the blowout January Payrolls report The 10 year breakeven inflation rate has been declining (the 5 year is similar) for the better part of a…
February 3, 2023
January Payrolls +517,000
January payrolls boomed at +517,000 You can click the graphic to get the details from BLS: I was quite taken aback by how strong the January Payrolls reading was. While…
February 3, 2023
NFTRH+; Here it comes
Gold is cracking below 1920 (currently futures are 1901). Silver is cracking out of consolidation below key resistance and also poking through the daily SMA 50 (currently futures are 22.95).…
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February 3, 2023