NFTRH Interim Updates

NFTRH Interim Updates

NFTRH Update, Yields & PM Stocks

I am cooling my heels at the allergist's office.  I almost bid goodbye to this world a couple times  due to Yellow Jacket stings and now am a bee venom…

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March 26, 2014
NFTRH Interim Updates

NFTRH Update, Quick Market Roundup…

Data came in weaker this morning with a home sales drop of 3.3% in February.  The ‘all one market’ market is cheering to banish the evil spirits released by Janet Yellen last week.  Those would be the rising short term interest rate spirits and they are key to our fundamentals.

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March 25, 2014
NFTRH Interim Updates

NFTRH Update, Geeky HUI Symmetry Stuff

In reviewing the second of the two HUI weekly charts of the previous update, I want to blow the view up and illustrate the symmetry between the current ‘down from neckline’ vs. the previous ‘up to neckline’.

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March 24, 2014
NFTRH Interim Updates

NFTRH Update, Post FOMC: Precious Metals & Stock Market

Yellen Speaks

I had to go out for the rest of the day right after the FOMC release.  I came back to a fairly unsurprising mess in the precious metals, and a negative stock market. It turns out I missed the market’s little fit as Janet Yellen hinted that the Fed might raise the Funds rate a little sooner and a little more steeply than the market had anticipated.  A little.

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March 19, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD turned last week’s resistance to support, which is now being tested as Ukraine hype unwinds and FOMC looms.  This is a still bullish chart working off an over bought condition.

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March 19, 2014
NFTRH Interim Updates

NFTRH Update, Perspective on the Silver Divergence

It is interesting how sometimes a chart will do what it thinks it is supposed to do, even in the face of other information that says it should do something else.  Silver’s chart, as we have been noting, was supposed to test support and that is what it has been doing while the rest of the precious metals complex rises.

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March 14, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD is in consolidation at resistance.  It is bullish until proven otherwise.  Support is anywhere from the visual lateral support at 122 to the gap and moving average convergence around 125.

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March 12, 2014
NFTRH Interim Updates

NFTRH Update, Uranium Buying Op Upcoming

It had been noted that I sold URG with some level of remorse.  Well that impulse is responsible for my having bought back part of the position today before it got to the noted support around 1.50.  That’s between URG and me.

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March 11, 2014
NFTRH Interim Updates

NFTRH Update, Key ETF Charts

GLD has reached the resistance that is the initial objective for the rally off the December bottom.  On its bull signal but at a logical point of consolidation or reaction.

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March 5, 2014