NFTRH Interim Updates

NFTRH Interim Updates

NFTRH; GDX and GDXJ

While the two charts below do not technically show a correction that is over, I have released the remaining hedges I had (via DUST) and am planning to use cash levels for any remaining risk management.  This is just an FYI for anyone who is interested and I continue to suggest people go with the style they are most comfortable with, whether it be accumulate slowly on corrections, regulate cash levels, hedging or simply holding positions.

(more…)

Comments Off on NFTRH; GDX and GDXJ
August 6, 2014
NFTRH Interim Updates

NFTRH; Macro Review & Gold Stocks

The headlines are talking about markets being down on Fed rate policy fears due to employment cost increases, declining consumer confidence, Argentina this and European deflation that.  In other words, the headlines are coming out with reasons why a market that was heavy to begin with is down hard a day after the Fed rolled over and committed to its ongoing inflation.  They always need a story.

(more…)

Comments Off on NFTRH; Macro Review & Gold Stocks
July 31, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks.  Just a snapshot in time, picking up where we last left these charts a few weeks ago…

(more…)

Comments Off on NFTRH; Key ETF Charts
July 30, 2014
NFTRH Interim Updates

NFTRH; GDXJ, GDX & SIL Updated

Well they sure don’t make it easy to get a hard read on things in the very short-term, but one thing we should remember is that this correction is the last correction I expect before a consistent drive upward begins, assuming that either a hard rally or bull market are in the near future.  That is due to the symmetry of the weekly bottoming pattern, which will be reviewed in this weekend’s report.

(more…)

Comments Off on NFTRH; GDXJ, GDX & SIL Updated
July 25, 2014
NFTRH Interim Updates

NFTRH; Dialing in the Precious Metals

Finally, we have seen the obvious (what most people will now take note of) kickoff to a short-term correction in the precious metals.  Depending on the fundamental picture, we can plan on taking advantage of a buying opportunity as we have been noting over last couple of weeks.

(more…)

Comments Off on NFTRH; Dialing in the Precious Metals
July 25, 2014
NFTRH Interim Updates

NFTRH; Gold Sector Review

There is no denying the cautious tone of our updates about the gold stock sector this week.  Sometimes they appear prescient and then there are other times, like today.  Yesterday’s update stated:

(more…)

Comments Off on NFTRH; Gold Sector Review
July 17, 2014
NFTRH Interim Updates

NFTRH; GDX Status per Request

A subscriber requested a view of the GDX for his personal management.  So I thought I would throw it up here as an update.  Today is bounce day (at RSI support), but GDX has not even retraced 38% of the rally.  The 62% retrace at 24+ is the favored target for a decent correction that would flush some bugs.

(more…)

Comments Off on NFTRH; GDX Status per Request
July 16, 2014
NFTRH Interim Updates

NFTRH; Gold, Silver & Miners TA Status

Gold got blown up in 2 days with respect to the short-term rally.  Watch for gold to bottom before silver as we likely transition into a phase of gold leadership over silver.  Key support is from the 1300 down to 1270.

(more…)

Comments Off on NFTRH; Gold, Silver & Miners TA Status
July 16, 2014
NFTRH Interim Updates

NFTRH; Gold Sector Fundamentals

Gold stocks are in the resistance target zone, so understand that negative reactions are becoming more likely.  But I want to make a point that unlike the hype surrounding Ukraine and Iraq (i.e. geopolitical problems) that we discount as a fundamental underpinning for the gold sector, the headlines now coming from Europe and in particular Portugal are an actual fundamental underpinning because they speak directly to what is wrong with the debt leveraged financial system and our reasons for owning gold and/or the miners.

(more…)

Comments Off on NFTRH; Gold Sector Fundamentals
July 10, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Base Metals

A few weeks ago we noted that base metals were in a potentially bullish pattern and recently updated that status as near a break out.  GYX is now breaking out of the pattern.  Here is a weekly chart of the DBB base metals ETF.

(more…)

Comments Off on NFTRH+; Base Metals
July 2, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; JNPR

Another old name from the go-go (bubble) days of tech.  Previously we have highlighted BRCM (a successful trade) and more recently INTC.  Here is another survivor from 2000.

(more…)

Comments Off on NFTRH+; JNPR
July 2, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Platinum

NFTRH 296 noted “Platinum could get interesting if it breaks resistance”, which was shown by a weekly chart.  I also noted that I was “jumping the gun” in buying PPLT before a would-be breakout in Platinum.

(more…)

Comments Off on NFTRH+; Platinum
July 1, 2014