From Monday's pre-market update... "Based on this morning’s futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the…
From yesterday's update: "As for gold, it is ready for a correction (with silver even more so) when viewing the CoT data, sentiment backdrops and over bought status and technical…
Based on this morning's futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the 'W' pattern and could…
We have noted the key pullback support level equivalent to HUI 140 (GDX equiv. is 16.90) and so far this has not even been tested (the lowest GDX got was…
This post is being sent to the entire list (as opposed to NFTRH+ email opt-ins) because I need to check the '+' list for accuracy before using it, and have…
On a daily chart of HUI we have 140 as key support. As with gold, I'd like to see the 38% Fib from the January low contain the pullback and…
The daily charts of HUI, GDX and GDXJ below show pullback support zones as the (mini or maxi) reaction from over bought status takes hold. As noted, HUI 140 is…
Wax On We should understand that the market is just doing what it does. I was beginning to wonder if they would be able to put the wax back on…
The futures are bouncing and this comes right from the literal last ditch technical point as shown in yesterday morning's update edits. There was literally no lower that the indexes…
I want to again reiterate that what we are seeing in the gold sector is a launch, not a terminal blow off. It is important to keep this distinction clear…
See important edit below! Gold Sector I made a public post yesterday after the market closed that updated the HUI chart we used as a guide for support areas on…
I sensed people were getting antsy in wanting to buy gold stocks for fear of prices running away. That is why we had a couple updates noting the over bought…
We covered the gold sector last night and I think that was all I had to say about it for now (short-term over bought and prone to eventual pullback, long-term…
Gold is doing this. Pretty impressive, isn't it? Gold is also doing this... In other words, it is not doing anything we did not already plan for. I don't want…