NFTRH Update 8.28.13, ‘Real’ PoG & Miners
The problems in the Middle East are messing with an important component of the gold mining fundamental case, crude oil. So let's check the status. Gold vs. oil is on…
The problems in the Middle East are messing with an important component of the gold mining fundamental case, crude oil. So let's check the status. Gold vs. oil is on…
The target zone is just above for gold. As you may have seen at the site, I do not care for hype. Especially when something I worked so hard to…
All appears to be going according to our script. The flag on HUI has dropped right to the preferred support level of 260 and looks bullish. But some measures of…
Last year we managed a 'W' bottom by first observing a cross up by weekly MACD and then confirming it with weekly TRIX, which moves slower. The TRIX triggered (black…
HUI has dutifully stopped at our projected 280+ resistance area. This was no great call because it always was going to at least hiccup there. Now, we see where it…
Here is the chart we have been using in NFTRH, showing inflation protected T bond fund TIP vs. regular T bond fund TLT. This ratio has been bottoming for months…
There was a large spike in commercial short interest and some corresponding speculative long interest in silver as of Tuesday. We can bet that this condition has intensified since then,…
The destruction culminating in late June in the gold price brought out the usual suspects to school us ever since about why gold is all done as a worthy investment…
Here is the weekly chart we have been using for the last few weeks. As you can see Huey is approaching the 'neckline' resistance to our projected bottoming pattern. As…
A quick update today. I am not trying to scare anyone - least of all investors. But traders should be aware of the following sentiment structure for the 'Gold Bugs'…
Last week the Silver-Gold ratio (SGR) failed to get with the bear memo as the sector got a hard shakeout, and look what happened. This week through the ups and…
The HUI-Gold ratio is above the 50 day averages. It would be nice to see the 50's hold as support on any pullback that may crop up. But we should…
GDX MACD is crossed down but importantly, TRIX is above zero and not triggered. Yesterday's volume was good. We can either be freaked out by the similarity of the candle…
These should be self-explanatory. Just trying to illustrate some supports and still unbroken bottoming stances on some items in the precious metals sector that I consider of relative quality.