Gold Ratio Charts

Gold vs. Commodities is still intact, but Gold-Oil has nearly been cut in half from its highs (I think oil is over baked, but...).  That is a building fundamental pressure…

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It Feels Like Inflation

Last night's post on the US stock market ended as follows: "As far as the Fed and its puny rate hikes are concerned, that is irrelevant.  This market is flipping…

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NFTRH 396 Out Now

Okay, I'm pooped.  No promo.  :-( [edit] Well yes, there is a promo.  It's from subscriber Joe F:  "So fucking good." Subscribe to NFTRH Premium for your 25-35 page weekly…

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NFTRH 394 Out Now

I've got to run as it's time to get ready to take out Mom, so here is the majority of the email that accompanied the report to subscribers this morning. …

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Fear Not Gold Bugs, Gold Ratios Well Intact

What has been going on since mid-February is a burst of the 'inflation trade' as evidenced by silver's leadership in the precious metals sector.  This opened the barn door for…

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Silver-Gold Ratio

I am not saying this is the top in the silver-gold ratio (SLV-GLD), but I am saying that if this is the top (for this phase) then commodities and the…

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NFTRH 393 Out Now

We talk a lot about USD, Yen, the 'inflation trade' and of course, silver.  We set targets, parameters and risk profiles.  We personally benefit once again from grinding out this…

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NFTRH; Precious Metals Update

HUI has, barring a spectacular reversal, cleared the most recent target of 211 and with unrelenting strength.  I have added RSI to the weekly chart we have used to plot the bull market signals of 211 (door opener), 251 and 261 (confirmers).  RSI is getting over bought.  The implication is that when a correction comes it is going to be an extended affair unlike the sideways to down consolidation and small bull flag pullbacks to date.

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NFTRH; Pre-FOMC Notes and Charts

A look at how a few markets are setting up pre-FOMC.

The charts are what they are, but we are dependent upon what the Fed may or may not put out there on Wednesday.  I would put the odds of a rate hike at just this side of zero.  But they are free to leave forward looking wording as is or do a little tweaking from the currently ultra dovish stance toward at least opening a discussion for rate hike expectations for June.

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NFTRH 392 Out Now

We talk a lot about FOMC stuff, inflation stuff and silver stuff.  At 40 easy to read pages (w/ lots of graphical data backing up the themes) NFTRH 392, the…

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Silver Has Broken Trend, But…

Very simply, the weekly moving average that contained silver through its bear market has been broken to the upside.  That is another booster of our assertion from earlier in the…

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NFTRH; Silver-Gold Ratio

I like a party as much as the next guy, but here is a turd in the punch bowl just to make sure we are balanced and partying within bounds.  The top panel is the Silver-Gold ratio (SLV-GLD) and the lower is the Commodity sector ETF.

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NFTRH 391 Out Now

This week we abbreviated to a review of limit and/or trend change points in several markets, further discussion of inflation and what needs to be in place to call an…

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