Just a not so subtle reminder that the NFTRH service includes in-week updates, some of which are macro-oriented and some of which are micro-oriented like
Tag: GDX
NFTRH+; Near-term plan for GDX
Here is a theoretical plan for GDX. At least it is my rough operating guide for the near-term, subject to change as always. The Inverted
NFTRH+; Gap fills
For you gold stock sports fans, per 15 minute charts… GDX and GDXJ are each filling the opening gap up. This is no comment about
NFTRH+; Gold stocks, pre-FOMC
Using fresh, un-marked charts for simplicity… It’s right on cue, pre-FOMC. HUI is testing the 50 day average as expected. I make no remarks about
Inflationist gold/gold stock boosters foiled again on ‘Flation Friday [w/ edit]
[edit] Of course, every big buy in gold is a “whale purchase” or some other legit sounding thing while every big dump is a “paper
GDX 15 min & daily technical status
GDX dumped the 15 min. support area around 32.25 but is making a hint to whipsaw back above it. Classic shakeout? In doing this it
NFTRH+; Gap fill
Super simple. GDX is fillling last week’s gap up per the 15 minute chart (GDXJ is similar). This area carries lateral support and should hold
NFTRH+; GDX & GDXJ [w/ edit to correct an important typo]
[w/ corrective edit] Daily and weekly charts of the two gold stock ETFs. GDX daily kissed the SMA 50 and SMA 200 goodbye and then
Gold Miners not yet buying it
GDX/GLD ratio is not confirming gold’s bounce And so, considering what at least has a chance to shake out as my preferred macro scenario –
NFTRH+; Updating the gold stock ‘bounce’ theme
From the August 10th update, we discussed a bounce a coming bounce in GDX as a short/hedge opportunity for those who would short (I’d had
NFTRH+; With respect to hedging/shorting
A few people have asked about shorting gold stocks to hedge. Personally, I am not interested in that at this time and would rather do
NFTRH+; And of course… the larger gap will fill
Why? Why do people get involved with the gold stock sector? And in my case why get involved with it when you don’t like the