Stocks Bull, Miners Bear and the Ritual is On
I can almost feel it by anecdotal evidence. At least some bugs are going through the ritual again. Giving up the ship. Throwing in the towel. This after being the…
I can almost feel it by anecdotal evidence. At least some bugs are going through the ritual again. Giving up the ship. Throwing in the towel. This after being the…
So let me ask you; what website was posting stuff about the proper fundamentals needed for gold and especially the gold stock sector leveraged to it all through the gold…
In a post on Tuesday I claimed that all you could hear in the gold "community" were crickets. And that is largely the case at the gold websites; with the…
Well, the stock market bounce lasted the majority of 1 day before fading late on Wednesday. Going by the quant on the seasonal I sold part of my SPY position…
[edit] See also Among the Crickets, Gold Bears Roam a Barren Landscape, posted on 11.23.18. All through the bear market hopeful rationalizations were served up for a bullish case on…
[edit] In the time it took to write this update the Dow has sheared off over 200 points from my last check. As you will see below, we are drawing…
[edit] Also see this post on inflation/deflation excerpted from NFTRH 525, hot off the presses. Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart…
Well, there is interest, but when it comes about it is more often negative. Here are responses my perfectly rational article about the Gold/Oil ratio got at Stocktwits. The first…
[edit] When viewing the sector through a technical lens it has been 'bounce only'. As this post shows, the fundamentals are in the process of changing for the better. What…
I added to the existing position in GDX this morning because while yesterday's hard drop did not fill the gap at 18.50 it brought the price down to the SMA…
They were firm when the stock market cratered and on a market recovery day they have decided to follow GG down, rather than AEM up (of course, AEM then reversed…
A couple of interesting things here. As noted in the last update, gold stocks remain in the consolidation handle that began to form after the big blast upward. There is…
This morning is interesting. As we have been noting, there has been a contrary setup in the bond market and we are watching for a potential failure in long-term yields.…
Back on October 2nd we took a look at an ugly Head & Shoulders pattern and a pretty one. The ugly one was the one on gold miner bear fund…