NFTRH+; Silver Support
Below are the up close daily chart of silver and also a dialed out daily chart to give perspective on the now bullish short-term technical situation. Silver has clear support…
Below are the up close daily chart of silver and also a dialed out daily chart to give perspective on the now bullish short-term technical situation. Silver has clear support…
Yes, I have an interim deflationary view that is anti-commodities. But I am also a chart guy and someone who respects Commitments of Traders and public optimism/pessimism from a sentiment…
Referring to the November 28 update: The GDX Move, it's Implications and More Thoughts We noted... The conviction here is quite positive. This move could still have some upward real…
As gold furthers its dramatic downward reversal (see previous update for parameters) and many other markets logically get clobbered in the face of a bouncing USD, let's take a quick…
In about the least surprising event of the year, gold broke to blue sky, got humped in the media and is reversing sharply. It would be nice to see the…
A brief update to illustrate the status of the US dollar index. USD is generally an 'anti-market' to the broad seasonal party going on. Of course it was going to…
Unless today is an epic bull trap, which I don't think is the case, then the move above the neckline and SMA 200 has conviction and implies higher levels to…
Today the daily chart is pinging the key resistance area. If it can hold the neckline and SMA 200 (let's keep in mind the concept of bull traps/false breakouts) we'd…
This update looks at a core holding of mine now that I perceive we are on the precipice of a macro shift in favor of the gold mining industry. This…
A brief video pointing out some aspects of the GDX daily chart during a holiday week. Holiday season is a time when market signals can get a little reliable, but…
The silver price has done what it needs to do thus far to be in position to make a serious move. This update discusses support, parameters to the bull case,…
A look at the US dollar index and the Gold/Silver ratio and a bit of discussion US dollar index (DXY) is tapping the initial target at the 200 day moving…
The US dollar got hammered on this Tuesday's weak inflation data. This came after the USD breakdown and bear flag test of the breakdown. This simple video updates the situation,…
Just a quick note for would-be PGM bulls. Palladium is today finally poking the long-term support area. I, for one, am tempted. If Palladium (current: 974) were to lose 900,…