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…
Gold is not a risk asset, it is an insurance policy, and the gold mining industry will one day leverage that characteristic Just as a standard financial insurance policy is…
In the current macro setup, gold stocks are nothing special (yet) They are at it again. Articles catching on to the US dollar breakdown are appearing in the smaller media…
The April PPI report continues the disinflationary theme The April PPI report came in to the disinflationary side, and as a side note unemployment claims jumped to the highest level…
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…
Bob Hoye presents a look at the proper - as opposed to imagined by legions of anti-dollar, inflationist gold bugs - gold stock sector fundamentals You've heard me go on…
The gold mining sector is doing what it should do amid fading inflation If you have tuned out inflationist gold bugs since mid-2020 you are now in position to capitalize,…
So February comes around (with HUI at a long-held NFTRH target by the way) and I complain about the golden bull horns mustering the troops onto the Au 3000 Express…
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…
Wacky title aside, with nominal bonds and TIP bonds each rising and the TIP/TLT ratio still dropping, the indication is of course declining inflation expectations (and a lurch toward risk…
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…
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.
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.
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…