Is that an inverted H&S in gold? I responded to someone's tweet about gold with the monthly chart below, which we've been viewing in NFTRH updates as an alternate scenario.…
The more times support is tested, the weaker (they say) it becomes... BTCUSD is thus far locked below the down-trending SMA 50 and the neckline of the first bearish pattern…
The copper/gold ratio continues to be stalled where it was supposed to stall The global economic reflation instigated by balls out inflation (steroidal money printing and subsequent cost pushing) halted…
On July 8th we introduced an alternative (to the bearish S/T view) option for gold that involved a potential inverted Head & Shoulders pattern. Let's update. First, a daily chart…
Gold miners (HUI) are out of whack with the Gold/Oil ratio (GOR) and the Gold/SPX ratio This isn't to say that the would-be bounce (HUI is postured in a small…
NFTRH 663 is loaded with valuable information for this very moment in time because we are at a macro decision point and only work done from the top down will…
As long-term yields decline... We have a headline this morning that is so in accordance with the times. Where just a few months ago the hysteria was toward inflation and…
While the interest rate backdrop swings favorable, other gold indicators are not yet While real yields are negative (positive for gold) and credit spreads are weakening (positive for gold) the…
Since a micro version of the right backdrop for gold and the miners that would leverage that backdrop is in play now it is time to review our (well, my)…
Screenshot, inform the nice people of what can be expected in NFTRH 662.
If they are going to bounce in the short-term, they could do it from here. Gold is at lateral support on the daily chart and is oversold. As a bonus,…
HUI is oversold, sentiment has been pushed down and here we have a little daily chart hammer candle (potential reversal candle if it holds up). This index can bounce at…
Gold miners require a unique macro-economic backdrop When gold stock bulls complain about a "smack down", a "hit" or a "smash" against the poor gold stock sector what they should…
With RG's permission to reproduce... This is a post that many readers will probably find unvarnished, if not crude or repugnant. In the newsletter world we are supposed to be…