There is a lot of hype regenerating in the commodity/resources/hard assets patch. 'Core CPI is elevating and the Fed is behind the curve!' goes the pitch. Well maybe, but the…
Add the US dollar to the list of items that are in question and on the move. The green circles show the higher highs and higher lows made by USD since the May low. In June it spiked down, tested that low and then shot higher.
NFTRH has been bearish on Doctor Copper for years due to the pattern and the bear flags it had a habit of making. Then last year when it broke the…
A brief snapshot of counter-cyclical gold's macro signals vs. other metals (and broad commodities) that are more positively correlated to economies, using weekly charts... Each week NFTRH updates many charts…
A brief update as I am on a mini getaway in NYC and will be hitting the road shortly. TIP-TLT has continued upward and broken above the MA 50. The…
When backing out all of the short-term noise and dialing in the big picture, Commodities are clearly not yet indicated to be safe. Here is the CRB still dwelling below…
There was a time not so long ago we used a similar monthly chart for crude oil to project a target of 70. That chart was not nearly as bearish…
If the good Doctor does not do at the noted support level, it is going to die below it... or at least target 1.50/lb.
With Copper rising above the converged 50 and 200 day SMA’s (around 3.18/lb) and with commodities in general at do-or-die support, I wanted to put up a chart of COPX for future reference for you copper/base metals aficionados.
The gold miners are on the expected bounce from very over sold conditions. As you can see, HUI, GDM and XAU are all dealing with resistance at the 'neckline' to…