NFTRH+; updating gold’s relationships
Using GLD and various ETFs, let's update some daily chart gold ratios. Gold/US Stock market is attempting another leg upward. Gold/Global Stocks is on an extended down leg I assume…
Using GLD and various ETFs, let's update some daily chart gold ratios. Gold/US Stock market is attempting another leg upward. Gold/Global Stocks is on an extended down leg I assume…
Nominal daily HUI is doing as projected, testing the resistance level that coincides with the SMA 200. The bad? It's clear resistance. The good? It's a gateway to a potential…
[edit] The analysis below, if it proves to be bullish, is about precious metals only, not broad markets. A subscriber questioned this and I'll again note that the view for…
The daily chart of gold shows a retreat in the price to the 1st support level, which should hold if this is going to be a relatively easy pullback/correction. This…
NFTRH 732 excerpt discusses bonds and bond market indicators with respect to the gold price US Bond Market For someone who uses the bond markets as important indicators to the…
The macro market and economic backdrop continues to pivot favorable for the gold mining sector The risk/reward for gold stocks has been very good after 2.5 years of correction that,…
Where is the risk, in gold or crude oil? The gold price has been deflated by the oil price to an extreme degree since 2020. The trend in the Gold/Oil…
Gold/Oil and Gold/SPX are important for a positive view of gold mining. Gold/Oil is a direct sector fundamental measure of the gold mining product vs. a primary mining cost driver.…
As the gold price rallies, it maintains its trends to rallying global currencies The relative trends in the gold price to major currencies range from neutral with a positive bias…
Trey was an NFTRH subscriber back when he was a research analyst at Sprott, and has since gone on to form or at least become a major part of the…
Today the market is supposedly negative due to election uncertainty. But whatever way it goes, the historical post-election data suggest out performance compared to the 2022 run up to the…
A quick update on a couple of important indicators. The Gold/Oil ratio as represented by GLD/USO is bouncing hard today within its downtrend. As the gold mining bull I expect…
The gold price (futures) has taken out resistance #1 at 1675 and is trying to take out 1700 as well. The next objective is around 1750. Aside from that, it…
Party on if you will, but the gold mining fundamental case is not complete Back on October 14th we reviewed why a post-bubble contraction would be the proper time to…