This morning's futures chart (daily) shows silver clearly taking out the minor resistance of the 2019 high. If the breakout is real (i.e. not a bull trap head fake) the…
Note: A reminder that I will be on the road today and tomorrow. So communication will be light at best. I'll be checking email occasionally. Copper (daily) dinged the round…
It appears that the downward market reversal on Monday was another sentiment resetting micro twitch after all. As noted, these happened fairly regularly in 2019. Inflammatory stuff gets in the…
Interesting charts this morning, pre-US open. Let's start with the metal that has been the star lately. That would be the good Doctor Copper. Daily copper took out what I…
I have been catching up with what went on in the last hour of the regular market session (while I was out) and I just saw a news item claiming…
It feels great out there. Everything is working and we are all geniuses. Except for one issue. VIX is holding support and the SMA 200. ...and the divergence to inverse…
Silver is right at the next resistance level we have been noting and that resistance is not very stern. The weekly chart shows it to be but a quick little…
Gold stocks are using the stock market disturbance as an excuse to sell down and fill some gaps. As of now it's all normal. I had been doing some profit…
A snapshot of this morning's silver price futures. The 18.90 area has been tested as resistance 4 times previously. The old saying in TA is that the more times resistance…
It's just in-day but the Energy sector (XLE) is breaking down from its bear flag. The same condition exists on my short position, CVX, along with XOM and other sector…
In NFTRH 610 it was noted that I took a couple of bear positions due to the VIX Hammer candle at the SMA 200. Well, yesterday it did the same…
A subscriber asks for my thoughts on the silver/gold ratio, so why not expand the update to include gold and HUI as well? The subscriber also asked about my thoughts…
It's our old friend the JX/TSX (CDNX/TSX) ratio, which has been guiding the global macro (and our analysis) since it broke above its SMA 200 back in May. We then…
Yesterday GDX broke upward above resistance and filled a gap down from May. It must now use that former resistance as support in order to keep the most comfortable scenario…