Public posts
Gold/EURUSD holds major daily uptrend Just an fyi for my European friends. Despite gold’s tank job in USD terms, Au/EUR is thus far holding trend. A European sees gold much differently than an American at this time. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic … Continue reading Gold in Euros holds trend
Me neither… For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more … Continue reading Does the Copper/Gold ratio look good to you?
As the US dollar takes a hard pullback, Bitcoin herds aren’t buying it Considering that a lot of the crypto sheeple followed some of the dumbest stumps on the planet, I don’t blame them. But still, if this were just a 2 day speculative flash in the risk ‘on’ markets you’d think this spec would have done something by now. Maybe if BTCUSD finally catches … Continue reading BTC/USD is not buying it
Kim Kardashian bagged by SEC as a crypto scammer, slapped on wrist To me it’s disgusting that people even care what this self promoting idiot does, says or supposedly invests in. But boy that crypto space – getting the punishment it deserves – was/is infested with some of the worst humans on the planet. Clicking the graphic yields the article (which I have not and … Continue reading Useless know-nothing gets slap on wrist for crypto pumping
CME Group traders favor a .75% Fed Funds Rate hike on November 2nd Meanwhile, inflation expectations have been cracking lately. My thesis is and has been that the Fed is going make damn sure they exterminate this (inflation) monster they were primary in creating. Because if it regains life it will eat them alive and end their racket. For “best of breed” top down analysis … Continue reading CME wiseguys see at least .5%, favor .75% for next FOMC meeting
Excerpted from the October 2 edition of Notes From the Rabbit Hole, NFTRH 725: Gold & Silver Gold and silver (monthly chart) continue in the cyclical bear that started in mid-2020. I had originally (and incorrectly) projected a Cup & Handle for gold that had to be revised to a double top when the 2022 high failed to gain blue sky. I’ve left the Cup … Continue reading NFTRH 725 excerpt: Gold & Silver big picture
As the proper macro fundamentals for gold mining grind into place… The real price of gold, as represented on the chart below by gold in relation to commodities, is constructive to have bottomed. As inflation expectations continue to fade with the Fed still in hawk mode this should continue, in order to confirm a bottom. A majority of gold bugs seem to think that gold … Continue reading Oncoming gold stock bull
Yesterday I converted nftrh.com from displaying a blog on the front page to instead display a static front page, with the blog now a page within the site. The blog is now accessible from the menu as shown below. Also, to view only public (non-premium) posts just click the blog’s sub-menu. Finally, if you follow the site with an RSS reader I believe you’ll have … Continue reading Admin note about the website & RSS feed
Stock charts are helpful, but not the be all, end all I was looking through a list of watch items and came upon NEO.TO, which is something I’ve had my eye on casually for a couple years. Last I had seen it, it appeared to be making a nice bottom, had taken out the SMA 50 and appeared to be on the way to a … Continue reading Why charts have limited utility
Indian stocks have been bullish relative to much of the rest of the world, but… It appears little more than a macro parlor trick as the Indian Rupee dive bombs along with all the others in relation to USD. This is the classic ‘currency down, stocks up (until recently)’ currency depreciation play. The chart shows a Megaphoning BSE Sensex along with said Rupee tankage below. … Continue reading In India it appears as simple as currency depreciation
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to gold stocks, Energy and the proper macro fundamentals for the gold mining sector: In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a … Continue reading Gold miners watch the “last inflated man standing” start to fail
The Energy sector cracks hard Technically, it is still a major uptrend (by the rising SMA 200). Functionally, it looks like hell. Oil, Gas and the Energy complex were the last inflated men standing, as I’ve been noting for months now. A lower low in XLE would seal the deal. Federal Reserve: winning, duh… * * Not really. They are the ultimate Wrong Way Corrigans. … Continue reading ‘Last inflated man standing’ needs a crutch
The TSX Venture (TSX-V) index is in trouble Have the drones on Twitter taken up their pitchforks and torches and marched upon their inflationist (gold bugs or otherwise) influencers yet? Seriously, inquiring minds who would like to take advantage of the developing situation want to know. NFTRH has been noting the negative divergence to inflation by this most speculative of inflation trade destinations for all … Continue reading Last ditch for the speculative inflation trades
Commodities and inflation expectations have/had been rising right along with the long bond’s yield But some of the 30 year Treasury yield’s fellows are dropping off, just as the hawking Fed wants (needs). CRB index is still on trend, Oil has a chance to crack here, Industrial Metals (headlined by Doctor Copper) have long since broken down and the Ags are creeping a rally up … Continue reading The ‘Continuum’ and its fellow travelers
