Well, I have been all over the place with these two (especially silver), looking down, looking up (small inverted H&S pattern), down, up, down... You get the picture. I have…
With reference to the earlier update, Gold/ES is still below the support line and trying to put a tail on its candle to consider undoing the breakdown. Of more importance,…
Gold held below the SMA 50 (ref. NFTRH 761) and is dropping post-FOMC because, of course it is! It's FOMC week and the Fed is talking tough and the inflation…
I am a man who stares at charts. I see patterns and I get excited. I realize this is a noisy week with market regulators front and center and indicators…
As long as silver (SLV) lurks here at the neckline on this chart from last week's update, this precious metals leader is still in the game. The neckline (green dashed…
We've been tracking the Gold/SPX ratio as part of a host of other gold to market ratios. But this is the one that is closest to breaking down and given…
[edit] My mistake; ES took out the August high but SPX remains perched below it. However SPY, when viewed by a chart that factors dividends, is above that marker. So,…
This would be an appropriate time for gold's ratios to stocks and commodities to hold and turn back up. With SPX in the preferred target zone of 4219 to 4300…
NFTRH 760 used a weekly chart, so today let's dial in the daily view for some good perspective on the current situation. While we are open to a rise all…
Silver (SLV) has formed a little inverted Head & Shoulders pattern with a measurement to around 23.25 that would fill the gap (down) in May at 23.16. If it plays…
It is very preliminary, but the Copper/Gold ratio is making the slightest hint that a bounce could be coming within this downtrending market ratio. That could signal that the latter…
It sure seems like there is a lot of bull in the markets, but it has been very selective. Recently ANET got rammed upward on Nvidia's AI hype. I had…
We have been noting the downtrend in the broad commodity complex for nearly a year now (after watching its breakdown a year ago), under the weight of the hawking Fed,…
CME Group are either taking the bait on all the jawboning going on lately that has driven up Treasury yields and supported the US dollar, or there is still more…