Read more about the article Will Gold Mining Stocks Look Past Q3?

Will Gold Mining Stocks Look Past Q3?

Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind We have used this daily chart of the gold stock ETF, GDX…

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Notes From the Rabbit Hole


NFTRH 737 Merry Christmas folks, and happy holidays of all persuasions. Let's jump into an abbreviated, summary style report [edit: of course it did not quite go that way as…

Read more about the article A Tale of 2 Gold Miners @ PDAC

A Tale of 2 Gold Miners @ PDAC

As the industry prepares to show its wares and everybody who is somebody in the gold analyst and gold writer communities prepares to see, be seen and especially be heard…

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NFTRH 397 Out Now

Our doggie (Spike) back from his adventure, it was time to settle in and write a good, comprehensive report on the financial markets.  So I did; 40 clear and actionable…

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vs. SPY

I created the title and then had a flashback to Spy vs. Spy… :-)


Anyway, here are some daily charts of other items vs. SPY.  I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters.  I still hold SPY short.  Ouch, but it’s more than fine; the 2016 out performers are seeing to that.

Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing.  EEM-SPY is doinking the SMA 200 for the first time today.


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2016 Gold Headline Extravaganza in Full Swing

With the monetary metal popping by a couple hundred bucks an ounce in 2016 people are coming out of the woodwork to advise us about its vast upside and on the other side of the spectrum, its dangers.  I have done a lot of bitching and moaning about gold’s promoters and bashers alike, because they seem to use similar sets of incorrect assumptions from which to extend their theses.  Let’s focus on one of the negative articles; in this case a negative piece on gold mining.

I think I am going to do this on a semi regular basis going forward, with both bullish and bearish articles that I think are not giving people a straight scoop (as I see it, anyway).  For some reason gold stirs emotions far beyond the average asset.  There is ideology, religion, politics and flat out misunderstanding in the worst of gold analysis.  Gold mining can be even more misunderstood due to the sector’s unique counter-cyclical dynamics.

Gold Equities Are Not Good Long-term Investments  –Seeking Alpha

I agree wholeheartedly with the title.


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More on Gold Mining

Since it seems to be the time to start writing more about the miners after years on the out cycle, with only the eternally bullish pompom squad micro managing the…

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