The deceleration in backward looking inflation signals continues, to little surprise. We have been managing a Goldilocks macro (inflation not too hot, not too cold) and that is where we…
Back to the GDX daily chart for some micromanagement of the gold stock correction. With GDX nesting on the SMA 200 yesterday and per the trade log, I released my…
While team Gold Bug is probably out there sleuthing the usual reasons for the 'b/s correction' (it's not b/s) or spinning the end of the world (buy gold!) coming any…
I neglected to include this in NFTRH 764, so here it is as an update. While we are managing a normal correction in gold and ultimately bullish forward prospects when…
Each week in NFTRH we robotically note the ongoing downtrend in crude oil and post-crash basing situation in NatGas. Let's look at both commodities in more detail. As a reminder,…
A little daily chart micromanagement for you. A live look at the futures shows gold bouncing a bit this morning, right into the new resistance zone. Gold will not even…
A little more micromanagement for you. The silver price has now bonked the first key support level, as defined by the upside touch point of the May 2022 cluster and…
Not a good look here by the Canadian TSX-V (daily chart). To review, da 'V' would be indicative of life in the more speculative areas of the inflation trades, and…
While waiting on the larger macro (Powell talking up the hawk, still tilting at inflation), potentially including a future end to the bear market rally in stocks and/or an end…
In the precious metals complex, that would be the HUI Gold Bugs index. With a low today (so far) of 229.15 the upper bound of the 220 to 230 target…
I call it noisy because I am sensitive to the fact that I introduced it to you, increasing your noise level. But sometimes it's damned if you do, damned if…
Well, I have been all over the place with these two (especially silver), looking down, looking up (small inverted H&S pattern), down, up, down... You get the picture. I have…
With reference to the earlier update, Gold/ES is still below the support line and trying to put a tail on its candle to consider undoing the breakdown. Of more importance,…
Gold held below the SMA 50 (ref. NFTRH 761) and is dropping post-FOMC because, of course it is! It's FOMC week and the Fed is talking tough and the inflation…