As inflation expectations continue to roll over, so do the gold miners

Who is surprised that the inflation bugs are selling gold stocks? Now a favored plan may be kicking into gear. That plan would see future buying from the miserable hands of those that listened to the loudest, most greed inspiring gold/inflation bugs at the gold websites, Twitter, Reddit forums and various other pump stations. If you bought gold stocks because… INFLATION! You bought wrong. It … Continue reading As inflation expectations continue to roll over, so do the gold miners

SSRM: Only a gold stock… [w/ edit]

SSR Mining stock included in Russell 1000, gets clobbered [edit] Thanks to subscriber MM: “shut down main mine due to cyanide leak into water table.” I can’t find any other news other than SSRM’s inclusion in the Russell 1000 index. Only a gold stock could put on this kind of Keystone Cop routine on a positive news event that would drive up most other stocks … Continue reading SSRM: Only a gold stock… [w/ edit]

The case of two gold mine developers

Sabina has the lower political risk, which ultimately meant lower total risk A few months ago I was considering funded gold mine developers Sabina Gold & Silver (SBB.TO/SGSVF) and Rio2 (RIO.V/RIOFF) and added and briefly held RIO due to some right minded fundamental input I got from a couple of people, who stated that RIO’s much shorter time to production was its advantage over SBB. … Continue reading The case of two gold mine developers

On a day when inflation trades sink, the gold miners sadly but predictably do too

Ladies and Gentlemen, behold inflationist gold bugs’ handy work It never fails. On a day and during a week when industrial metals (incl. Doctor Copper), Agricultural commodities, outlier commodities and even the last inflated man standing, Energy commodities are down, and inflation expectations dropping so too are the gold miners. The same gold miners that should never be thought of as part of the inflation … Continue reading On a day when inflation trades sink, the gold miners sadly but predictably do too

A guy talks about gold/miners macro fundamentals

Do not be these two things simultaneously; cyclical inflationist and fundamental gold mining bull Whereby I turn my word salad loose upon the world. After an opening with too many ‘ah’ and ‘you know’ moments, the salad seems to kick in well over the second half of the interview and the points made sounded clear enough. Thanks to Jordan (Daily Gold), who does not try … Continue reading A guy talks about gold/miners macro fundamentals

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Gold/Gold miners fundamental checkup

As they leverage the macro, what’s good for gold is even better for gold miners After last week’s article, in which we noted a unique move on ‘CPI Friday’ as gold and the miners put in an expected test of the lows and quickly reversed upward, unique among a world full of bearish markets… A pivotal juncture for gold and gold stocks …let’s take a … Continue reading Gold/Gold miners fundamental checkup

A pivotal juncture for gold, gold stocks

Another hot CPI fails to suppress gold With FOMC on tap with an upcoming .5% rate hike, gold got hammered and bounced back with a vengeance on ‘CPI’ Friday. The Fed will raise the Funds Rate at least .5% next week. So says not me, but the wise guys whose job it is to correctly anticipate FOMC policy. Indeed, a full 20% of CME traders … Continue reading A pivotal juncture for gold, gold stocks

Gold stocks hanging tough as the macro slowly shifts

HUI Gold Bugs index on the bull theme As Huey pushes his cart of rocks uphill. Back in December we not only projected 2022 to be a golden year for the yellow metal, but given the right macro circumstances, for the companies that dig it out of the ground as well. While the macro is still technically in transition, the signs are there. Meanwhile, Huey … Continue reading Gold stocks hanging tough as the macro slowly shifts

Gold’s next bull leg in progress; but a test is due for the metal & miners

“2022: The Golden Year” activates… …as gold and the miners hit our short-term upside targets this week. In August of 2020 we noted the danger signals for gold based on sentiment excess coming out of the acute pandemic fear phase. We also noted the need for a multi-year bullish Cup to build a proper handle after that excess. A Cup’s handle is actually a downward … Continue reading Gold’s next bull leg in progress; but a test is due for the metal & miners

A bottom in gold stocks vs. broad stocks

HUI bottomed vs. SPX in December Here is the weekly chart we’ve used over the last 1.5 years to gauge the downside in gold stocks (HUI) vs. the S&P 500. I did not originally plan the A-B-C corrective scenario but inserted point B upon the failure last June and we (NFTRH) began scouting a bottom at ‘C’ in Q4 2021. It’s a ratio, but it … Continue reading A bottom in gold stocks vs. broad stocks

Precious Metals bounce; no sign of speculative froth

The silver stock ETF is trending down vs. the gold stock ETF The bounce from a secondary low in gold stocks (HUI, GDX, GDXJ) has been going on since mid-December. Meanwhile the Silver Miners ETF (SIL) is well contained in relation to HUI. That means there is a little speculative froth in the sector and even better, little inflationary hype (as a wrong-headed reason to … Continue reading Precious Metals bounce; no sign of speculative froth

A surprise on a lousy day: Orogen Royalties [w/ edit]

[edit] A subscriber advises it was Casey Research with the pump. Hence, with the stink of that herd on it I took my 49% and 48% on two positions. Simple. With a hat tip to subscriber RK who reco’d this to me some months ago. I’ve been holding its basing pattern patiently ever since using the US listing OGNRF and including it in the miner … Continue reading A surprise on a lousy day: Orogen Royalties [w/ edit]

NFTRH+ GDX micromanagement working well so far

Just a not so subtle reminder that the NFTRH service includes in-week updates, some of which are macro-oriented and some of which are micro-oriented like this now-public update about the short-term situation in the gold miner ETF. Near-term plan for GDX Here is the chart from the update, as of this morning. Gap filled and support being tested. Now, I am not touting because I … Continue reading NFTRH+ GDX micromanagement working well so far