Based on 30 years of data gold was fairly normal to its seasonal average until dropping to disconnect from it in April. From Sentimentrader... I don't mind that in the…
It's a metallic 4'fer beginning with the economic metals (futures). Copper for cyclicality and gold for relative counter-cyclicality. Copper is fading to support again. Sure, it can fade to 2.70…
After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment's content to the public site.…
Before the promotional corners of the gold community start with the conspiracies, excuse making and general placing of blame everywhere but where it belongs, let's simply note that this correction…
Here is a chart from yesterday morning's NFTRH subscriber update showing the breakdown from a short-term topping pattern and the relevant support areas at the SMA 200, 1240 and 1215.…
The trends are not finished and so we've expected it to get worse before it gets better. And in gold especially, that is what went on as of Tuesday April…
From a post on gold and silver on Tuesday... Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support.…
In other words, it's proving time for the metals. We've been following the non-stellar daily charts of gold and silver along with a stellar sector technical indicator (HUI/Gold ratio) and…
Okay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut…
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Silver's Commitments of Traders shows improvement again this week while gold's CoT wallowed without much net change. Silver's large specs continued to puke up the metal while the Commercials continued…
From yesterday's post... "If it [gold] takes the 50 out and zooms back up great, the pom pom brigade will be back in business. If not, the SMA 200 and/or…
The daily futures charts (click to expand) show gold curling up to try to re-take the SMA 50. If it takes the 50 out and zooms back up great, the…
The Commitments of Traders reports are finally over the government shutdown hangover and up to date as of Tuesday the 5th. Gold sees the large Specs finally running for cover…
Silver is the more excitable precious metal and it has fallen out of bed since we noted the dangerous (albeit anecdotal) sentiment extremes in the gold (and silver) community. Another…