gold miners

Precious Metals

Dusting Up the VIX

Is it me or is the 3X Gold Miner short fund DUST beginning to look a lot like the VIX did a couple weeks ago?  I actually shorted the VIX…

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October 31, 2014
NFTRH Interim Updates

Update; Market Review

There is a problem with biiwii.com’s server this morning and I was unable to do the Wednesday morning Key ETF update without constant interruptions. In its place this week we’ll simply go with a general update by email.

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April 23, 2014
NFTRH Interim Updates

Update; Precious Metals

HUI has declined to 215 and made a marginal lower low from the start of the bear flag in the 216’s.  We had been anticipating 210 as the critical support to a bottoming scenario.  So, given the proclivity of this sector to test limits, let’s keep that alive.

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April 22, 2014
NFTRH Interim Updates

NFTRH Update, Precious Metals

We should watch volumes today to see if there is enough conviction to get GDX, GDXJ and high profile individual miners above the moving average clusters they recently fell below.  I’ll try to get a review of that after the market closes, assuming today stays positive.

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April 2, 2014
Notable Public Posts

Precious Metals Grind Out a New Trend

Gold is Monetary Value

We preface the post with a statement that has not changed since I began public writing nearly 10 years ago:  Gold is not about price; gold is about value.  This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward the financial system and its various diseased components at a time when I was ready to listen and understand.

So whether we are talking about 2013’s epic price crash or a new bull trend in 2014, the simple fact is that physical gold itself is a store of monetary value.  That applied last year as the value was marked down by greed and confidence and it will apply this year as it is marked up in the face of a likely unwinding of those things.  Humans, what funny and hyper kinetic animals.

Precious Metals Speculation

Ah, but this post is about the fun part, the speculative part where we humans can make gains from gaming the simple store of value and its wild little brother, silver.  As asset market speculators we care about prices, right?  How about the share prices of the completely blown to bits miners that dig the stuff out of the ground?

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February 14, 2014
Notable Public Posts

Precious Metals: Risk Management to Opportunity

What Has Been

A solid 2.5 years of risk management (to varying degrees) has been required of precious metals investors.  It was most intensely required after the announcement of QE3, when the net commercial short position in silver began a relentless march toward a very bearish alignment in late 2012 and then the HUI Gold Bugs index lost an important support level at around 460.  Here is the chart of silver with a heavy commercial net short position from NFTRH 215, dated 12.2.12:

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January 7, 2014