Excerpted from Notes From the Rabbit Hole #237: Young FrankenMarket Lives In failing to take a “healthy” correction to the equivalent of SPX 1350 to 1450 from the upside target…
There has been a lot of buzz in the gold community lately telling people to ignore TA; about how it will not work for you this time. My only answer…
First off, I'd like to recommend you read Doug Noland's most recent Credit Bubble Bulletin, Too Much Asset Inflation. In the opening segment Noland lays out the dynamics in play…
Precious Metals, Gold Stocks The HUI continues its lame - and I do mean lame - attempt to rally. I have changed my tack this week from holding my favored…
A subscriber asks if the HUI support parameter was still 270, and my answer is that it has moved up to around 274. The 60 minute chart explains: The lower…
Precious Metals - HUI Tedium, thy name is Huey. The parameter is clear; hold the lower line of the potential bear flag. If this happens, the first target remains 300.…
Gold Stocks Here is the updated chart from yesterday's update, which shows how HUI finished yesterday. It is still in a potential bear flag, but one which ultimately held to…
Precious Metals We noted that 1524 is critical resistance for gold. At yesterday's close it resided at 1475, having risen $150/oz. over the last 2 weeks on an upside reaction…
Earlier we noted 275 (a 50% Fib retrace of the rally) as the lower tolerance of the 'normal' zone on today's pullback. If HUI finishes the day as it currently…
Broad Market The Semiconductors and Small Caps are considered leaders and have led the rally out of the Fiscal Cliff hype from Q4, 2012. Here is an update of their…
All is normal on the 60 minute chart. The rally off of last week's capitulation will continue to target the gaps at 300 and/or 320 if that remains the case.…
Well, we have had some nice data coming in that points to a would-be economic deceleration (save for this morning's positive jobless claims report). Yet the chip makers have popped…
Huey did what it needed to do as a first - and big - step in negating yet another potential bear flag, as it closed above 280. This morning (6:05…
Let's remember a theoretically important aspect of the gold sector investment case... economic contraction, which would drive up the real price of gold as measured in commodities. Durable Goods orders…