NFTRH+; Contrary Gold Sector
The gold stock sector is playing very well today, not because its prices are up (trends are still down) but because it is doing the opposite that broad stocks are…
The gold stock sector is playing very well today, not because its prices are up (trends are still down) but because it is doing the opposite that broad stocks are…
Personally, I could not ask for a better outcome than for the gold stocks to continue dropping while the risk 'on' stuff drops because of bad economic news (jobless claims).…
[edit] Obviously not all gold stocks will follow HUI. Some of the smaller ones are and have been going their own way. I am using HUI as a general guide…
DXY held the 50 day average and is bouncing from it this morning. The yellow box had identified a bounce pattern similar to the previous one from last summer. The…
The previous update simply talked about the daily charts of GDX and GDXJ. Straight up technicals. Let's put a couple wrinkles into the analysis. First, with respect to the often…
The daily chart of GDX continues to be locked in the correction's downtrend channel after holding the (green dotted) neckline. Below both the down-sloped SMA 50 and up-sloped SMA 200…
Just an FYI for anyone who may have taken interest per the original NFTRH+ update on January 26. TMQ is making its move to break the trend line (and the…
[edit #2] Some of these will require fishing with lower day or GTC bids, not buying the ask. Thank you to those who popped me some ideas on your TSX-V…
As you know, our ultimate target for the 30yr yield is around 2.5%, at which point we'll come to a major macro decision point between failure and deflationary liquidation or…
The 'V' is doing this, which I believe is a sign of excess (i.e. momentum) starting to layer into the reflation trades. The weekly chart is striking. Ah, but is…
BARFS? Get it? Hat tip goes to Joe if a successful trade/investment develops. Okay, moving along this is strictly a TA update on BRFS as I did only the bare…
Well, per the Trade Log I added SVM (to current holdings HL, SILV & MAG) today on the hard pullback, post-hype. Given silver's intact status and leadership to gold, as…
Silver thus far holds the key support area of 26 to 27.50. The moving averages are up-trending nicely and so the picture is still bullish. Gold is on the outs…
It's as simple as that. HUI is on a plan that includes if not favors a drop to the confluence of lateral support and the lower line of the downtrend…