The simplest of updates to remind that the HUI/Gold ratio has remained intact throughout the sector pullback and that remains the case today as gold and silver continue to drop…
It does not mean that the pullback in the miners (and gold/silver) is over but it does mean that an annoying issue is being addressed today. HUI has not quite…
Daily looks in-market are not meant to be a science. It is longer trends that eventually reveal the logic of ongoing macro moves. But I do find it interesting that…
In yesterday's update we discussed HUI's acquisition of the 170 target. Personally, I also discussed wanting to be careful about trading myself out of a potential bull market. Still, profit…
A few interesting pictures 'vs. SPY'... Gold miners have risen vs. SPY since early September. Treasury bonds, hated by absolutely everybody (except maybe readers of this website) in September have…
A couple of interesting things here. As noted in the last update, gold stocks remain in the consolidation handle that began to form after the big blast upward. There is…
Back on October 2nd we took a look at an ugly Head & Shoulders pattern and a pretty one. The ugly one was the one on gold miner bear fund…
When the bounce began in gold stocks (GDX, HUI, etc.) we used the green shaded zone below as critical support to a continued bounce. GDX held there and bounced to…
This man who stares at charts presents for you a really ugly short-term H&S to stare at. It's not activated, but it is ugly. Stare at it! This man who…
So today it looks like gold and silver are rising with the inflation trade (global stocks, commodities, yields...) and our bear flag noted yesterday on GDX will be challenged. How…
For all you sports fans keeping score at home, GDX is breaking down from a bear flag today. As noted in an NFTRH update as the sector (HUI) bounced on…
Notice I wrote "begins" in the title. Today was the first real day of regurgitation with conviction. Long-term support levels are going out the window and that is great, if…
Gold stocks are not responding well to the deflationary whiff in the air and I continue to think that is because they got caught up with the inflation crowd (gold…
A quick look at daily chart parameters for GDX and GDXJ. GDX has dropped to the SMA 50, which is a support level. The chart is intact as long as…