NFTRH+; USD
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…
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,…
GDX is set to fill the lower of the two recent gaps. This was allowed for in previous updates, and is normal. This update also reviews key levels to hold…
As noted in the November 7 video update, gold was destined to lose the first support area after spiking upward and getting overbought. As also noted in the update the…
Yesterday's negative reaction (of sorts) to the celebratory post-FOMC spike last week continues this morning. The US dollar index is bouncing within its still questionable state below the daily SMA…
On FOMC day +1 we find Treasury yields down (bonds up) and the US dollar index down as inflation fears - and thus, Fed fears - ease. The main support…
Back to the daily chart to review what you probably already know. GDX (daily) is taking a deeper pullback as it appears the war trades (including oil/energy) are getting hit…