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…
Notes From the Rabbit Hole, #781 Summary US Stock Market: 3 wave A-B-C correction for SPX is out the window and now it is the projected scenario of a deeper…
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…
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…
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…
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…
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…
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…
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…
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…
Notes From the Rabbit Hole, #780 Summary US Stock Market: Despite decent sentiment and a positive seasonal US market leadership is under stress, breadth is very poor and SPX remains…
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…
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…
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…