HUI rally hits short-term target

HUI Gold Bugs index has hit the bottom/bounce target at the daily SMA 200 Note: This post was begun on December 1, up to and including the two HUI charts below. The post was completed on December 2, after the November payrolls provided a good instigation for a broad market pullback, which included a ding to the miners from this logical resistance point. December 1 … Continue reading HUI rally hits short-term target

NFTRH 732, out now

NFTRH 732 is uploaded to the archive for subscribers. It does not break much new ground but it does reinforce and add clarity to our ongoing, and thus far on track themes. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. … Continue reading NFTRH 732, out now

As inflation eases, the macro grinds in favor of the gold mining sector

The macro market and economic backdrop continues to pivot favorable for the gold mining sector The risk/reward for gold stocks has been very good after 2.5 years of correction that, contrary to what a majority of gold bugs think, was very valid amid the post-pandemic cycle of cyclical inflation. I won’t review the details about why here, as it is beyond the scope of this … Continue reading As inflation eases, the macro grinds in favor of the gold mining sector

Gold stocks: until ‘things fall apart’

Party on if you will, but the gold mining fundamental case is not complete Back on October 14th we reviewed why a post-bubble contraction would be the proper time to buy gold mining stocks for fundamental reasons (even as they might possibly be dropping despite improving fundamentals). * On October 28th we noted that the fundamental case has not engaged, not quite yet. We also … Continue reading Gold stocks: until ‘things fall apart’

NFTRH+; Important (IMO) discussion about gold stocks

You may recall that I (NFTRH) had a great investment in the former Great Bear Resources and Great Bear Royalties, both of which have since been bought out (by Kinross and Royal Gold). The reason I bring this up is that my conviction in Great Bear was very high due to initially being convinced by a former gold fund manager, Scott, who focused primarily on … Continue reading NFTRH+; Important (IMO) discussion about gold stocks

Gold Stocks: Not quite yet

Macro changing in favor of the gold stock sector is and has been a process The process began with the leveling off of inflation’s momentum and continued as the global economy began to show signs of weakness (e.g. US manufacturing deceleration and developing supply chain slack among several other problem areas as exposed during the current earnings season). While the nominal sector (HUI or the … Continue reading Gold Stocks: Not quite yet

NFTRH+; Gold stocks, post-CPI [w/ edit]

[edit] And just like that, as mentioned might be the case below, markets have reversed. Precious metals stocks are not unique here, however. It’s all reversing. Stocks, commodities and precious metals. So it’s likely not THE defining move. Also, the potential inverted H&S patterns per the linked update are still generally in play. The play is going to be to buy the gold stock sector … Continue reading NFTRH+; Gold stocks, post-CPI [w/ edit]

NFTRH+; patterns of interest on Au & Ag stocks [w/ edit]

[edit] It’s a majority of the way through the day and while the miners are slightly positive volume has not ticked up. At some point on a theoretical right side shoulder we’d want to see volume start to come in. Using the first stock I looked at, watch list item SILV, as an example, and with all due caveats about chartists staring at patterns, I … Continue reading NFTRH+; patterns of interest on Au & Ag stocks [w/ edit]

Hoye’s Post-Bubble Contraction

Below is a short excerpt from NFTRH 726 on the post-bubble contraction, as coined by Bob Hoye. My critique of Bob’s timing does not compare to my admiration of his rare and right minded fundamental views of the gold sector. Indeed, you can click this graphic for a PDF file of Bob discussing the sector. I was made aware of this shortly after posting #726 … Continue reading Hoye’s Post-Bubble Contraction

The gold stock road map

It’s a long and volatile road for the gold miners A daily chart snapshot of the current technical situation for the HUI Gold Bugs index shows a small Head & Shoulders pattern that formed in July-August as noted in this August 28th NFTRH premium update (now public) before it broke down. So we have Huey holding the neckline of an ugly little pattern today. What … Continue reading The gold stock road map