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 Cross that showed up in the Bug-o-sphere has resolved as it would have and probably should have. For the same reason that support/resistance and especially trend line breakouts and breakdowns are often false (USD most … Continue reading GDX Golden Cross: a price paid

Yesterday’s NFTRH+ post on GDX now public

GDX options per NFTRH+ update yesterday Yesterday we did a little in-day micromanagement of GDX in an NFTRH+ update based on some hints I was seeing. I have opened the update up for public consumption because once in a while I really should market the whole of the NFTRH service, which is much more than a weekly market report. It includes a daily Trade Log … Continue reading Yesterday’s NFTRH+ post on GDX now public

Golden Cross bull signals in gold stocks!

Golden Cross bull signals have just been announced by a gold stock always-bull Look, I said I was going to back off directly criticizing smaller promoters in the markets and in particular the gold cult “community” (as it calls itself). But when a gold stock bull – through thick, thin and everything in between, touts the Golden Crosses that I’ve been noticing (and keeping really … Continue reading Golden Cross bull signals in gold stocks!

hui gold bugs index, monthly chart

Gold stocks are not yet unique, but that’s coming

Gold stocks have been among the leaders of the Q1 rally, but are not yet unique It seems that all too often lately the gold mining sector is in tow with commodities in general and broad global stocks in its ups and downs. As a leader, but not THE leader of the rally that is fine for now as long as we’re still on the … Continue reading Gold stocks are not yet unique, but that’s coming

Q4-Q1 rally regains its mojo, led by the miners

Copper and Gold miners are leading the Q4-Q1 rally in broad asset markets Back in October we began to plan the prospect of a relief rally that would be fueled by over-bearish sentiment (contrary bullish), ‘Fed hawk’ relief as we anticipated inflation signals to ease, and a post (mid-term) election seasonal pattern that is bullish for stocks. This public article had a lot to say … Continue reading Q4-Q1 rally regains its mojo, led by the miners

“Gold stock charts – all negative”

Gold stock charts are all negative, says a writer at GoldSeek I am not seeking to be critical of another analyst (who I actually know nothing about), but instead want to critique the article based on its stated views, using only charts. I am a chart guy, after all, and so I take notice when analysts use nominal charts in a vacuum to form conclusions … Continue reading “Gold stock charts – all negative”

tsx Venture index, TSX-V

TSX Venture (TSX-V) still seeking the lower gap

TSX Venture index (TSX-V): from bearish to bearisher as it eyes the lower gap On November 29 we had an NFTRH+ update (now public) that showed the TSX-V (JX) cracking support on the weekly chart and filling the upper gap: The weekly chart shows that the slip below long-term support (defined by the top of the 2020 crash pattern) did fill a gap, which is … Continue reading TSX Venture (TSX-V) still seeking the lower gap

hui gold bugs index ratio to s&p 500 (HUI/SPX ratio)

Run Huey, run! HUI/SPX ratio continues apace

The ratio of the HUI Gold Bugs index to the broad S&P 500 has rallied for 4 months Hmm, what could could this be indicative of? Beuller? Answers, from the positive to the possibly interim mitigating, are all over my public articles, and in more strategic detail in NFTRH. But suffice it to say that plans are intact at this time. For “best of breed” … Continue reading Run Huey, run! HUI/SPX ratio continues apace

gold mining sector fundamentals

Hoye, oh boy! The proper gold stock sector fundamentals

Bob Hoye presents a look at the proper – as opposed to imagined by legions of anti-dollar, inflationist gold bugs – gold stock sector fundamentals You’ve heard me go on about it for years upon years. Here is Bob Hoye’s version of gold stock sector fundamentals. If the macro goes over a cliff in 2023 as the inflated (and multiple times reinflated) bubble really starts … Continue reading Hoye, oh boy! The proper gold stock sector fundamentals

franco nevada stock (fnv)

Franco Nevada Stock: When is a royalty company not so safe?

Franco Nevada stock is down on political risk in Panama When is a lower risk (relative to miners) royalty company at risk? Well in this case, when politics get involved and shuts down one of its mining streams (First Quantum is the operator) affecting a large percentage of its royalty/streaming revenue (according to a news blurb I read). At least it’s large for any single … Continue reading Franco Nevada Stock: When is a royalty company not so safe?

orogen royalties stock (OGN.V/OGNRF)

Orogen Royalties (OGN.V/OGNRF)

Orogen Royalties stock (OGN.V) tacks on 16% today Please tell me it’s not another newsletter hump. From NFTRH 734 on December 4th: Okay, patience may be paying off. Hat tip to RK. This small royalty has just been lurk lurk lurking in consolidation after some sort of hype (a large newsletter pump as I recall) drove it to spike upward a year ago. Holding. Holding … Continue reading Orogen Royalties (OGN.V/OGNRF)

As inflation signals fade, the gold mining sector outperforms

The gold mining sector is doing what it should do amid fading inflation If you have tuned out inflationist gold bugs since mid-2020 you are now in position to capitalize, unlike scores of inflation bugs who’d already bought (and likely sold into tax loss season, 2022). Readers of nftrh.com have seen this space write many times how gold is not about inflation. At least not … Continue reading As inflation signals fade, the gold mining sector outperforms

HUI rally hits short-term target

HUI Gold Bugs index has hit the bottom/bounce target at the daily SMA 200 Note: This post was begun on December 1, up to and including the two HUI charts below. The post was completed on December 2, after the November payrolls provided a good instigation for a broad market pullback, which included a ding to the miners from this logical resistance point. December 1 … Continue reading HUI rally hits short-term target