NFTRH; Macro Update… Gold Sector & Broad Markets
First off, let's realize that gold vs. the US stock market remains a bearish underpinning for the gold stock sector. GLD-SPY is declining from an ugly pattern, perhaps to a…
First off, let's realize that gold vs. the US stock market remains a bearish underpinning for the gold stock sector. GLD-SPY is declining from an ugly pattern, perhaps to a…
Maybe in a market like this, boring is not so bad. The things gaining on momentum now will decline on momentum when the rally ends. Against a general high risk…
With all the usual preambles about macro fundamentals (stock market still needs to top out vs. gold, but gold vs. commodities is a constructive start) here is an update on…
Well, it is a 'just can't win' sort of a day. Everything is down except for my short positions on SPXL and IWM, my Healthcare related items and SQM, as…
First, per a question by a subscriber, the HUI would not be considered as having lost the 195 marker based on the in-day squiggling. That is, as I noted to…
I will keep this one informal, simply noting that SQM has returned to its 50 day moving average, which has defined the strong up trend. I had owned SQM previously,…
So here we are. The president gave his first address to congress and the Fed's Dudley and Williams ate microphones and jawboned a rate hike sooner, rather than later. The…
I do not love micro managing the gold sector, but here we are doing it again because well, it's the gold sector and it is intense. Please pardon the micromanagement…
The yield curve is fading and the 10yr yield is consolidating. Yields and inflation expectations had been rising with the optimistic 'Trump trade'. That made the gold sector an also-ran…
Folks, I felt we needed a more extensive Precious Metals segment than usual in NFTRH 436 because I got some correspondences on Friday that made me think that would be…
A couple weeks ago in NFTRH 434 we introduced this chart, representing some of the more counter-cyclical items vs. the S&P 500 (SPY). I already own some gold miners and…
A brief snapshot of several gold/silver stocks (in no particular order) that I either hold or have on radar... Royal Gold just about touched support, which coincides with the SMA…
In NFTRH 434 (2/12/17) we noted the key pullback support levels for the HUI Gold Bugs index. These were 209 (daily EMA 20), 200 (weekly EMA 55) and 195 (convergence…
Here is how Uncle Buck ended the day yesterday, having bounced to the now down turning SMA 50. That is the ultimate limit point for the bounce (just as we…