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…
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…
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).
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…
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…
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…
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…
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…
[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…
I was looking through some charts and when I saw the daily 30yr-5yr yield ratio it seemed familiar. Hmmm... Oh yeah, that's it! It looked a lot like a GLD…
Using the Macrocosm theme again (I can't get enough of this gimmick) let's update some key gold ratios in poker terms. Gold is currently working on a 'full house', with…
From yesterday's update: "As for gold, it is ready for a correction (with silver even more so) when viewing the CoT data, sentiment backdrops and over bought status and technical…
Based on this morning's futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the 'W' pattern and could…
As the market bounce and gold reaction proceed forward, it will pay to keep an eye on the macro theme that I think is more important than most others, gold's…