We are well past amateur hour and heading toward day's end and the HUI (senior gold stocks) is still holding strong with today's recovery off of the capitulation into yesterday's…
Folks, it's a falling knife. It is also at a target zone (250 to 260) and deeply over sold. A certain mine developer in Ghana is selling for well below…
How nice to drop the gold stock focus for a while. In recent NFTRH we have noted the BKX-SPX ratio, which has been AROON trend down by daily chart but…
The answer is in and HUI flopped from this morning's reversal. It does not mean it can't rally or isn't trying to form a bottom, but there is no evidence…
Constructive work this morning with the drop and reversal. Seeing some Hammer candles. What I like is that the regular market is down and the precious metals are contrary that.…
I am not at the office today, so here is a quick mobile update. With reference to yesterday's update, here is a picture that is worth 1000 words. A cut…
A quick reminder that if you are a committed gold stock investor who does not care about the short-term, and find these updates dealing in short-term affairs disturbing, please disregard.…
Since the ZSL position was mentioned in an update, I feel I should use an update to well, update its parameters. This position was taken against gold stocks as more…
Today I am adding the 2x silver bear fund ZSL back again. The reason it is mentioned in an update is not as a recommendation for anyone, but as a…
Precious Metals (Negative) Bearish Engulfing candles aplenty yesterday ('BE' is only a very short-term bearish candle, with implications over the next 1-3 days at most) Lack of bullish follow-through from…
Today is a normal looking reaction thus far. The opening weakness was however, enough to get me taking some well earned profits. These two charts attempt to show normal and…
Broad Market Comment Regarding the segment in NFTRH 229 that included the chart showing the divergences between the CCI commodity index and the S&P 500, a subscriber felt I may…
The reversal from down to up yesterday morning - happening just as yesterday's NFTRH update was being written - followed through for the rest of the day and it did…
Today the HUI is touching the 62% retrace level of its cyclical bull market out of 2008, which is also the 50% retrace level of the entire bull market out…