[edit] Payrolls data are out, they were well below forecast (+245,000 vs. +432,000) and the market is taking it as a big nothingburger. Gold and silver barely moved, the USD…
It's none other than Biotech giant GILD, which I have held for a few weeks now for non-chart reasons, maybe (repeat maybe) making a move off the bottom. Today it…
The perfection is in the fact that one is getting brutalized by the optimism breaking out everywhere (Media serve up everything from vaccines to the presidential transition to the appointment…
In some ways the gold miner correction almost had to happen. So says the chart below. A reminder here is that nothing is happening now that did not happen in…
I have been noting that the HUI/SPX ratio can lose the SMA 200 and still be okay as long as it makes a higher low to June, a loss of…
RINF (inflation expectations gauge) is aligned with the view that markets are rotating, not ending. And that rotation, as of now at least, appears to be toward the cyclicals (and…
I have had an eye on PI for some time now, but it was (and still is) impaired by its hands-on consumer related customers' lack of engagement during COVID-19. Now,…
Vaccine news hits the screens and voila... ES has popped a new high, following through on last week's joy. DXY is still bearish but holding support. Long-term Treasury yields are…
I am always prepared to be wrong because well, it happens, so might as well prepare for the inevitable. Gold and silver are threatening to break consolidation this morning and…
Here is a commodity (REE) that I have taken my eye off of in 2020. Well, no longer. When my eye sees a chart like this, it goes right back…
A couple of visuals on the gold sector for you. If the rally in the broad stock market is something more than just an election week party then the Gold/SPX…
First, the VIX, which has gotten clobbered on whatever is making the markets feel good today. I added some VIXY back yesterday as a vol. hedge, but obviously did so…
A few pictures of upside gaps filling on various indexes, as we speculated might happen on the short-term. HUI is going for the gap just above 330. The keys to…
In bouncing to the daily EMA 20, HUI has filled an upside gap. There is another just above 330, which can fill as well. We can allow for a test…