NFTRH+; GDX Testing Zone
The daily chart Symmetrical Triangle broke upward, in line with its reputation as a bullish "continuation" pattern. In the May 9th update we noted that... "assuming this is not some…
The daily chart Symmetrical Triangle broke upward, in line with its reputation as a bullish "continuation" pattern. In the May 9th update we noted that... "assuming this is not some…
As GDX breaks out of the nose of the Symmetrical Triangle, strongly hinting that assuming this is not some sort of bull trap, the long-standing target of 40 (+/-) is…
As noted in the trade log, I not only held my short positions on SPX and SOX despite yesterday's climb above resistance the SMA 50, I also added a short…
Today yields are popping after dropping recently, USD is doing the same and commodity and resource sectors are under pressure. Also, the Gold/Copper ratio is up and holding its intact…
The daily chart of GDX is doing as noted in yesterday's update, as it fools around in the nose of the Symmetrical Triangle. This is a brief review of the…
We previously managed a short-term Diamond pattern (decision pattern) that decided to break down hard prior to just as hard a recovery. The prospect of the Diamond was first introduced…
NVDA has undone any negative look to its daily chart by taking out resistance. Now all that is left is for it to clear the April 11th high of 907.39…
During a typically volatile FOMC week Uranium stocks got hammered yesterday and this morning they are gaining back yesterday's losses. In the course of my normal risk management, I released…
Silver (daily chart) is making a classic pullback to test the breakout after becoming overbought. Silver does not do things gently. Nor does the precious metals complex as a whole.…
SBSW is a diversified global miner with its hands in gold, palladium, platinum, rhodium and several others, including battery metals. It is extremely depressed from its 2022 all-time high of…
The gold stock sector can get pretty upbeat in a hurry, in an emotional swing in the opposite direction of the previous disillusionment that had come over the sector. It's…
The daily chart of GDX dropped out of the Diamond, held in the first support area and is rising anew. This update looks at GDX status at what I think…
A look at the daily and weekly chart situations for gold relative to cyclical and risk 'on' asset markets The daily chart shows that gold is still constructive to break…
In light of the recent flare up in inflation anxieties, which we were well prepared for, I want to call your attention to indications that will help guide our preparation…