As inflation expectations continue to roll over, so do the gold miners

Who is surprised that the inflation bugs are selling gold stocks? Now a favored plan may be kicking into gear. That plan would see future buying from the miserable hands of those that listened to the loudest, most greed inspiring gold/inflation bugs at the gold websites, Twitter, Reddit forums and various other pump stations. If you bought gold stocks because… INFLATION! You bought wrong. It … Continue reading As inflation expectations continue to roll over, so do the gold miners

On a day when inflation trades sink, the gold miners sadly but predictably do too

Ladies and Gentlemen, behold inflationist gold bugs’ handy work It never fails. On a day and during a week when industrial metals (incl. Doctor Copper), Agricultural commodities, outlier commodities and even the last inflated man standing, Energy commodities are down, and inflation expectations dropping so too are the gold miners. The same gold miners that should never be thought of as part of the inflation … Continue reading On a day when inflation trades sink, the gold miners sadly but predictably do too

A guy talks about gold/miners macro fundamentals

Do not be these two things simultaneously; cyclical inflationist and fundamental gold mining bull Whereby I turn my word salad loose upon the world. After an opening with too many ‘ah’ and ‘you know’ moments, the salad seems to kick in well over the second half of the interview and the points made sounded clear enough. Thanks to Jordan (Daily Gold), who does not try … Continue reading A guy talks about gold/miners macro fundamentals

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Gold/Gold miners fundamental checkup

As they leverage the macro, what’s good for gold is even better for gold miners After last week’s article, in which we noted a unique move on ‘CPI Friday’ as gold and the miners put in an expected test of the lows and quickly reversed upward, unique among a world full of bearish markets… A pivotal juncture for gold and gold stocks …let’s take a … Continue reading Gold/Gold miners fundamental checkup

A pivotal juncture for gold, gold stocks

Another hot CPI fails to suppress gold With FOMC on tap with an upcoming .5% rate hike, gold got hammered and bounced back with a vengeance on ‘CPI’ Friday. The Fed will raise the Funds Rate at least .5% next week. So says not me, but the wise guys whose job it is to correctly anticipate FOMC policy. Indeed, a full 20% of CME traders … Continue reading A pivotal juncture for gold, gold stocks

NFTRH 705, out now

Just doing the work and moving forward. NFTRH 705, out now. 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. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now

Gold stocks hanging tough as the macro slowly shifts

HUI Gold Bugs index on the bull theme As Huey pushes his cart of rocks uphill. Back in December we not only projected 2022 to be a golden year for the yellow metal, but given the right macro circumstances, for the companies that dig it out of the ground as well. While the macro is still technically in transition, the signs are there. Meanwhile, Huey … Continue reading Gold stocks hanging tough as the macro slowly shifts

Precious Metals bounce; no sign of speculative froth

The silver stock ETF is trending down vs. the gold stock ETF The bounce from a secondary low in gold stocks (HUI, GDX, GDXJ) has been going on since mid-December. Meanwhile the Silver Miners ETF (SIL) is well contained in relation to HUI. That means there is a little speculative froth in the sector and even better, little inflationary hype (as a wrong-headed reason to … Continue reading Precious Metals bounce; no sign of speculative froth

NFTRH+; Regarding gold stocks, this is no coincidence…

It is no coincidence that gold stocks are positive as broad markets correct to varying degrees. As the inflation trades cool, gold begins to out-perform. Most gold bugs demand – against reality – that gold act as a supreme inflation hedge, which it is not. Hence, our long-standing insistence that inflation cool down before we can take a positive macro fundamental view. Here are some … Continue reading NFTRH+; Regarding gold stocks, this is no coincidence…

NFTRH+; Near-term plan for GDX

Here is a theoretical plan for GDX. At least it is my rough operating guide for the near-term, subject to change as always. The Inverted H&S that everybody in the gold “community” saw (and some touted) rallied GDX to fill the August gap down and is losing its neckline today. That is fine and does not compromise a near-term bounce/bull case. Recall months ago in … Continue reading NFTRH+; Near-term plan for GDX

Gold stocks: technically short-term bullish, but…

An update of the gold stock bounce As a TA, I respect charts first and foremost. On occasion that respect has burned me as I’ve missed big profit opportunity or not seen a disaster unfolding that the charts missed. But much more often it helps me profit or saves me from disastrous ends. TA is just one tool in the box. An important one, but … Continue reading Gold stocks: technically short-term bullish, but…

Franco Nevada leading the gold miners (again)

Franco Nevada stock (FNV) leads again Early in the year we noted that FNV would lead them. Sure enough, it did; to a strong, tradable, but ultimately failed rally. Then we managed the low perfectly in September, before asking once again whether it could lead a new rally. Answer? Yes. FNV took out the moving averages, tested them as support and dinged a new high … Continue reading Franco Nevada leading the gold miners (again)