A mid-week daily chart update of the precious metals. Gold (futures) is still scrapping at the down-trending SMA 50 and SMA 200. Step 1: Take those out and hold them.…
SSRM will be subject to the precious metals miner rally and also to earnings season upcoming (SSRM reports on November 4th), which I don't think is going to generally be…
I highlight things I see during the week expecting us not to over-react but instead, consider. What I see today is Healthcare (XLV) testing the April low in relation to…
While it appears that the next and possibly final leg* of the inflation is underway, the US dollar and Gold/Silver ratio (our macro indicators that would guide the other way…
As you know I have stubbornly refused to abandon the Cannabis MSO (multi-state operator) play. Indeed, I am slowly positioning with the view that last year's high fliers are getting…
The TSX-V/TSX ratio, the ratio of the speculative Canadian market vs. the senior Canadian market, which I use as a guide to speculative inflation trades, has spiked to take out…
An FYI that HUI's 2nd target is being ticked today. That is the 255 area (current: 257). This also corresponds with the neckline of the yellow shaded pattern for what…
Below is a snapshot of the health of the speculative inflation trades and a reason I have gold on watch to bust its bearish macro trappings at any time. There…
Another routine technical update of the precious metals, with all items on track to the bounce projection. Gold is slithering along the upper bound of the downtrend channel that is…
A quick FYI update noting HUI has hit bounce target #1 per the Oct. 6th update on gold, silver and HUI. That was the SMA 50 and noted resistance, which…
The thorn in the inflation trades' side continues apace. That thorn is the combo of the US dollar and the Gold/Silver ratio, each of which have maintained their uptrends. Until…
What is still only a routine and thus far healthy correction for stocks grinds on. As would be expected, gold is firmer with this backdrop of angst. However, it still…
As a core inflation number comes out today and causes some market hype, as per usual the gold stocks are doing nothing. Considering the state of mining cost drivers like…
Bearing in mind that we've projected 18.90 as the best downside target, here comes target #1 for silver, which as noted in an update on Monday had a nice CoT…