NFTRH+ (Video); GDX Daily Chart Management
Back to the daily chart to review what you probably already know. GDX (daily) is taking a deeper pullback as it appears the war trades (including oil/energy) are getting hit…
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October 31, 2023
Will Gold Mining Stocks Look Past Q3?
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind We have used this daily chart of the gold stock ETF, GDX…
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October 27, 2023
NFTRH+; GDX Fulfills One Downside Objective
A little daily chart micro management sees the first GDX gap fill this morning at around a 38% Fib retrace of the rally from the October low. The gap fill…
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October 26, 2023
Drastic Rates of Change in M2 Money Supply Will Matter
If rapid M2 percentage growth forecast an inflation problem back in 2020, why would it not be forecasting deflationary pressure now? As far back April, 2020 NFTRH was forecasting a…
October 26, 2023
NFTRH+; SPY, Pre-market
As the USD continues to recover after grinding support a couple days ago and the Gold/Silver ratio continues to bias bullish (ref. yesterday's pre-market update), let's take a look at…
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October 26, 2023
Gold Ratios to Cyclical Markets
Gold ratios to cyclical markets are rising Using the related ETFs, let's have a look at gold's ratios to other markets. Gold's relative standing within the macro has been impaired…
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October 25, 2023
NFTRH+; Pre-Market Signaling
Two important market signalers are firm together this morning. The US dollar index is, in typical fashion for this market that flips its signals daily, holding after we noted its…
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October 25, 2023
NFTRH+; Video Update on USD
The US dollar index is starting to grind the breakout point above the March high. A bull trap, even if temporary before higher levels, could rhyme well with a stock…
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October 23, 2023
Planet Cathie
Cathie Wood is smarter than me The way she looks down from on high into the camera's lens makes me feel small. Makes me feel insignificant. Makes me feel like…
October 23, 2023
Pro-Gold Yield Curve Steepener Continues
10yr-2yr yield curve steepener continues after secondary extreme inversion; gold holds steady Many have questioned why the gold price has failed to do the normal thing (decline significantly) in the…
October 19, 2023
NFTRH+; Video Update, GDX Daily Chart
A little more micromanagement of GDX as the bounce/rally continues along. The correction is still technically in force and here we simply review what's needed to put it in the…
October 17, 2023
NFTRH+; Gold and War
A back and forth email string with a subscriber about war/politics and markets jogged me into a realization. As you may know, over the years I have been cautious about…
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October 16, 2023