NFTRH; GDX Daily Parameters
A quick look at GDX as a general guide to the gold stock sector. The pre-market indication is that GDX will fill the gap up from last week. After that…
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May 9, 2016
NFTRH; Pullback Parameters for GDX, GDXJ & SIL
The precious metals were due to pull back and here is a pullback. Please review this morning’s post for a look at how the macro market is setting up for the gold sector’s next bullish phase. Remember that we launched fundamentally based on gold’s out performance of nearly everything else, as indicated by the weak silver-gold ratio. But the rally matures as silver vs. gold matures.
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May 4, 2016
Gold Stock Pullback Still Normal
Everybody with eyes to see prices too far above certain moving averages knew that the gold stocks were going to pullback. But as this year has shown so far, a…
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May 3, 2016
Gold Stock Correction Starting?
Not so fast folks. Per an NFTRH update this morning GDX is not yet indicated to be correcting and I sold my DUST positions (sorry, I did not make a…
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March 14, 2016
NFTRH; Gold Stock Strategy
Normally I want to try to avoid updates about what I am doing with personal trading, especially during emotional, hype-filled weeks like FOMC week. But with the gold sector so in the spotlight lately and with my stance (about the risk of a correction) I assume well known, I wanted to update you on a move I am making this morning.
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March 14, 2016
Spitting Out the NUGT
Our little Nugat theme is all done now because I no longer like the taste of being leveraged short the miners. I am taking +15% on the trade and moving…
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March 9, 2016
NFTRH; Precious Metals ‘in-day’ Charts
Understand that in-day moves can also be whipsaws, so take them for what they are; current views and not a daily or weekly close, which are firmer.
GLD is breaking the Triangle. If this is successful, the next stop might be 1308 for gold per this morning’s update.
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March 3, 2016
NFTRH Update; GDX 60 min. Perspective and Notes
We have noted the key pullback support level equivalent to HUI 140 (GDX equiv. is 16.90) and so far this has not even been tested (the lowest GDX got was…
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February 18, 2016
NFTRH Update; HUI, GDX & GDXJ Pullback Zones
The daily charts of HUI, GDX and GDXJ below show pullback support zones as the (mini or maxi) reaction from over bought status takes hold. As noted, HUI 140 is…
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February 16, 2016
NFTRH Update; Gold Stocks, Energy, S&P 500, Emerging Markets & USD
I want to update the charts from the last two updates (GDX, XLE and SPX) and also have some words about the markets overall. GDX hit the first resistance level…
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October 9, 2015
Protected: GDX, XLE and S&P 500 Daily Chart Status, Parameters, etc.
A brief daily chart review... Yesterday GDX continued to follow through on its trend line breakout, which came on volume and was noted in NFTRH 363. This continues to look…
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October 6, 2015
Gold Sector
Yesterday we showed the ETF charts that were at bounce points (if they were going to bounce). Today GDX and GDXJ are up around 4%. I grudgingly added a couple…
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April 1, 2015
GDX, GDXJ & GLDX Updated
We noted in NFTRH 336 that these ETFs had short-term support levels lower than where the prices stood as of the end of last week. Today they reside at those…
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March 31, 2015
GDX 60 Min. Chart
Just for a different perspective, here is what is going on with the GDX 60 min. chart today. Clicking the chart will give a nice, big view. A gap from…
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February 25, 2015