Gold

Gold

Where is Gold Headed?

Where is gold headed?  Kitco fills us in…

So, has Kitco sentiment suddenly become a good positively correlated indicator on gold bullishness or is it still a good contrary one?  I am curious.

“This week, Kitco’s online survey received 1,085 votes, of which 829, or 77%, were in the bullish camp for next week. The remaining 175 participants, or 16%, say they are bearish, while the other 81, or 7%, say they are neutral. Votes tallied for this survey start from Wednesday morning until Friday at 9:30 a.m. Eastern time.”

Bullish Gold Calls Post-ECB, Ahead of Fed

kitco

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March 14, 2016
NFTRH

NFTRH 386 Out Now

#386 slims down to a focused 22 pages from #385's bulbous 49 pages.  There is no need for more volume because all plans are intact, markets are within existing parameters…

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March 13, 2016
Financial Markets

Gold, Stocks and the Miners

One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have got left in their bags of tricks.  The endgame is a bag with a hole in it; a monetary black hole.

The other grinds on in what could be the last significant hope replenishing bounce before new downside is explored.  Various US and global indexes are already in bear markets but casino patrons are trained to look at the S&P 500, Nasdaq 100 and Dow as “the stock market” and these have not yet gone ‘bear’.  If the current bear-trend bounce fails however, that confirmation would be coming promptly.

The comments above are verified by the charts of gold vs. the S&P 500 and the Euro STOXX 50.  The bullish move and current consolidation are representative of all major stock markets.  This is a trend change in gold vs. stocks (joining gold vs. commodities, which turned up long ago).

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March 11, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; Multi Market Update

Stock Markets

US stock markets probed a bit further into the resistance (and if current analysis is correct, topping) zone equivalent to SPX 2000-2030 yesterday, closing at a new recovery high.

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March 8, 2016
alice in wonderland
NFTRH

NFTRH 385 Out Now

A whopping 49 pages and not nearly as difficult to digest as that sounds.  Lots of charts and graphics populate what I think is a very cohesive report managing multiple…

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March 6, 2016
Gold

Launch!

While at near-term risk, the gold sector is launching, not blowing off Okay, the title of the post is a bit of a joke at this late stage of the…

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March 4, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; Stock Market & Gold Sector

We will cover the wider spectrum in the weekly reports, but here I want to boil it down to the US stock market and the gold sector and keep it simple, as we are currently managing opposing views in these two items.

S&P 500:  Bearish but on a bounce, as anticipated.

Gold sector:  Bullish and so far resisting taking any sort of substantial pullback.

SPX finally turned the resistance at 1947 (middle point of the ‘W’) to support and now proceeds on its way toward target (2000 +/-, expanded to 2030).

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March 3, 2016
alice
Precious Metals

Gold, Silver, Their Ratio and the Stock Market

Using the ETFs, we find gold in the nose of what would normally be thought of as a bullish Triangle (continuation) pattern. However, we'll note here what NFTRH has been…

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March 1, 2016
alice
Gold

Short Gold!

Well, that is the theme of this article highlighting SocGen's call to short gold.  The article enthralls us about the chances of a rate hike by December having risen a…

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March 1, 2016
guest
Guest Posts

Guest: Gold and Confidence by Steve Saville

Gold and Confidence By Steve Saville A point I’ve made many times in TSI commentaries over the years is that the major trends in gold’s relative value have nothing to…

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March 1, 2016
guest
Guest Posts

Guest: Gold-Silver Ratio by Monetary Metals

By Monetary Metals Gold-Silver Ratio Breakout The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in…

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February 29, 2016
alice in wonderland
NFTRH

NFTRH 384 Out Now

Just another in a continuum of reports that have been in line with a macro theme seeing a loss of momentum in the US stock market and potential bottoming in…

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February 28, 2016
alice
Precious Metals

Gold & Silver CoT Worsen Yet Again

[edit] I am glad I write an in-depth financial market report every weekend because it forces me to do work that sometimes adds context to these quickie posts and in-week…

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February 26, 2016