Golden Cross bull signals in gold stocks!

Golden Cross bull signals have just been announced by a gold stock always-bull Look, I said I was going to back off directly criticizing smaller promoters in the markets and in particular the gold cult “community” (as it calls itself). But when a gold stock bull – through thick, thin and everything in between, touts the Golden Crosses that I’ve been noticing (and keeping really … Continue reading Golden Cross bull signals in gold stocks!

“Gold stock charts – all negative”

Gold stock charts are all negative, says a writer at GoldSeek I am not seeking to be critical of another analyst (who I actually know nothing about), but instead want to critique the article based on its stated views, using only charts. I am a chart guy, after all, and so I take notice when analysts use nominal charts in a vacuum to form conclusions … Continue reading “Gold stock charts – all negative”

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NFTRH+; nominal Gold, Silver & GDX

Gold is having a normal disturbance at the SMA 200 and associated resistance. What would make gold less normal (to an ongoing short-term rally) is a drop below support at 1735 and  the SMA 50 (1722 and rising). Silver in essence hit our target of 24.50 yesterday and so again, today’s reaction is normal. But now clear support at 22 (+/-) comes into play and … Continue reading NFTRH+; nominal Gold, Silver & GDX

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NFTRH+; GDX & GDXJ did this, this morning…

Filled the gaps from last week, that is. That is a good thing. As such I covered my hedge (DUST), but also sold a couple miners (HL & WDOFF, ref. thoughts on these in NFTRH 734). But we are also considering the possibility of a deflationary impulse strong enough to take down stocks, commodities and possibly all those inflation bugs infesting gold stocks. Whether that … Continue reading NFTRH+; GDX & GDXJ did this, this morning…

NFTRH+; A new (old) indicator, using GDX as an example

[See qualifying note added at end] Alert subscriber Michael has prompted me to look at something I have not looked at in years, quite frankly. I long ago simplified my TA indicators mainly to RSI and MACD because with so many of them out there it was too easy to a) see what you want to see and b) get confused in a sea of … Continue reading NFTRH+; A new (old) indicator, using GDX as an example

NFTRH+; Contrary to today’s CPI…

CPI came out and it was a humdinger! Okay, that hype aside, the play is for a top in inflation hysteria and while the signals have been waning for well over a month now, the public is treated to another big inflation headline. With respect to yesterday’s update and the add-on posted just after, it looks like today is a reversal day of some kind. … Continue reading NFTRH+; Contrary to today’s CPI…

NFTRH+; interesting weekly gold miner charts

As you know, the daily charts are in gross looking patterns, having failed to hold support. HUI has filled its ‘212 gap’ and also has a gap way down at 107 from the January 2016 launch. Indeed, HUI is technically questionable on the weekly chart as well, but it is getting oversold and a channel bottom parallel to the 2020 and 2022 highs indicates a … Continue reading NFTRH+; interesting weekly gold miner charts

NFTRH+; Bear flag breakdown

The daily chart of GDX shows a bear flag (wedge) breaking down after it failed to take out the daily chart’s SMA 200. This could be in prep for a test of the low, considering how the flag bounce came from oversold conditions (BPGDM) and over-bearish sentiment and silver’s contrary positive CoT situation. But as also noted to this point, the sector and macro fundamentals … Continue reading NFTRH+; Bear flag breakdown

Precious metals ‘vs. SPY’

Gold, silver and the miners in relation to SPY/SPX We all know that gold and its fellows have bottomed (minor or major)* vs. broad stock markets, and below is a daily chart pictorial view showing the impulsive bursts upward off the lows (relative to SPY) by gold, silver and the miners. The caveat is the shirtless man on the Ukraine border, associated media ‘war drums’ … Continue reading Precious metals ‘vs. SPY’