The Running of the Gold Bugs: A Tale as Old as Time
You were of course prepared for it because you have a functioning brain that learns from history; and it doesn't hurt that you read this site. ;-) We noted the…
You were of course prepared for it because you have a functioning brain that learns from history; and it doesn't hurt that you read this site. ;-) We noted the…
We all know that the gold and silver Commitments of Traders are very extended and at levels of commercial net shorts and large spec net longs that tend to be…
Yup, the title is a play on Dumb & Dumber and I'll leave it to you dear reader to evaluate whether or not that is a commentary on some in…
The longer the correction has gone on the more it has moved from the look of a minor topping pattern to a potential consolidation pattern, with the overbought readings addressed…
Gold and silver were updated in a public post yesterday. There has not been much change since then. Let's now focus on some sector macro fundamentals, leading indicators and the…
Daily GDX has not broken down. I would not rule out a bounce to fill the gap above 28 and possibly test the SMA 50. It's obviously a bearish look…
If you see any sources out there talking about a "hit job", an "attack" or other such language about the precious metals correction, especially in the miners, you should probably…
You may or may not know that I consider Bob Hoye an influence of mine. Many years ago his views, especially about the proper fundamentals for the gold mining industry,…
Bueller? What is the difference between the precious metals rally of 2019 and the rally of 2016? Well, for one thing in 2016 as gold stocks bottomed and turned up…
So do you want to be an optimist and note the very normal looking pullback to short-term support? Maybe a pullback to intermediate support at the SMA 50? Or do…
In NFTRH we use daily and weekly versions of these charts to gauge not only the fundamentals of the gold sector, but also the broader macro markets. Here are the…
And for you gold stock sports fans, I'd say that this happy macro news has accomplished something for you too; it has forced a gap fill on GDX, GDXJ and…
It tells us it's bullish out there! Putting away the pompoms we see that Huey is hitting a zone of potential resistance on the weekly chart below (click to enlarge…
Contrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy. Making…