Please refer to this morning's public blog post Precious Metals Must Make a Stronger Statement Still. The best thing happening in the precious metals in my opinion is the HUI's…
Two conditions are looking very good... Gold vs. oil and... Gold vs. broad commodities. This is exactly what we want to see continue along with this rally.
The HUI gapped the open. There is also a gap below highlighted in yellow. We should not worry about these because if they are breakaway gaps they are signs of…
As a reminder: Gold has significant resistance at the 50 day averages (1335 to 1338) and visual @ 1350. Silver at the 50 day averages just above 21 and then…
Below is a copy of a free eLetter that is meant as an introduction to NFTRH. A sort of NFTRH-lite if you will, which highlights a few of NFTRH's themes…
Just a quick snapshot of the HUI after a churning, grinding Monday that did not feel bearish to me. The 60 min. chart we had been watching held the support…
Last update of the day, I promise. ;-) This view is enlarged from the previous one shown and with an hour to go, Huey is holding the line. The lack…
The 60 minute chart shows a support level that it should hold to avoid a growing risk that the gap will fill. A consistent characteristic of the 8 month bear…
Yesterday we reviewed some reasons why the precious metals could be on a rally that is something better than the previous failed bear flag rallies. Today we balance that with…
Precious Metals The discount to NAV at which Central Fund of Canada's gold and silver was selling on the open market was noted in a public post yesterday: They Hate…
The growing conviction on the 'taper to carry' plan has helped me hold onto the KRE and IAT Regional Bank ETFs, but they are very over bought on both daily…
Crude oil as represented by the USO fund, is breaking out today. The Gold-USO ratio is declining. This is a trend that does gold mining no favors whatsoever, fundamentally, since…
Here are 60 minute charts of some widely followed precious metals items, RGLD, SLW, GG and GDX. Each shows what is thus far a normal (if anything is ever normal…
Gold has been hammered to a hair below 1200, with 1150 but a drop in the bucket now for battle tested gold bugs. More interestingly, silver is green and more…