HUI has spent the week fooling around in a bear flag, which seems logical with the markets under the spell of FOMC. Everything is just hanging around. If markets start…
The world expects the FOMC to update its expectations regarding a tapering of Treasury bond asset purchases tomorrow. The world thinks that a tapering of these purchases would be bad for gold.
I think a decrease in T bond purchases would be anything from neutral to a potential positive (see post coming later today on the matter). Regardless, it is time to be looking out beyond FOMC with regard to the precious metals, a most sensitive sector to monetary policy.
So here is a check list of what we want to see in order to press the bull stance.
The precious metals are getting sold hard in the face of whatever 'feel good' thing is going on with some 'US may not invade Syria after all' hype. Whatever, it…
With reference to yesterday's bigger picture look at the yield curves, here is a daily view of the 30 year yield vs. the 5 year. The spread made a lower…
As noted, this week's letter was a difficult one because it raised a lot of questions, many of which seem to have opposite implications. Going forward I will try to…
Interest Rates It looks like interest rates could get to target all in one big gulp after all. But the employment report this morning could have a lot to say…
The 60 minute view from yesterday's update has made a lower low as 260 was violated. Now HUI is looking for support at the EMA 50 (253). I want to…
A quickie to take a close up view... Yesterday's low maintained a 'higher low' in a series of them off the August low. So by this short-term view we can…
The problems in the Middle East are messing with an important component of the gold mining fundamental case, crude oil. So let's check the status. Gold vs. oil is on…
The target zone is just above for gold. As you may have seen at the site, I do not care for hype. Especially when something I worked so hard to…
All appears to be going according to our script. The flag on HUI has dropped right to the preferred support level of 260 and looks bullish. But some measures of…
Last year we managed a 'W' bottom by first observing a cross up by weekly MACD and then confirming it with weekly TRIX, which moves slower. The TRIX triggered (black…
HUI has dutifully stopped at our projected 280+ resistance area. This was no great call because it always was going to at least hiccup there. Now, we see where it…
