For the die hard bugs among us who have been waiting for buying opportunities, we note that HUI hit and inched below 200 today. It is time to be watching…
Please reference (and pardon the promotional tone of) the previous post, which updates HUI's current situation. Here is a simple chart from the post showing HUI at the logical pullback…
Who among us is surprised? Volatility, noise and emotion close out another policy and media intensive week. I continue not to see much of a stray from the view of…
The gold sector has taken a good hit since the highs in July. That means there is fuel for a rally if the Fed rolls over as the Fed Futures…
I try to stay fairly quiet pre-FOMC because the event is so keyed upon and often acted upon by man and machine. But it can't hurt to do a simple…
HUI had a best 'bounce' target of 250 to 265 (if this was to be only a bounce as originally projected) as we anticipated a positive reaction at the 220…
After noting 3 recent weak economic data points (ISM manufacturing, Jobs & ISM Services) we have had a couple of firm ones in Job Openings and Jobless Claims. Such is…
On September 1 we reviewed this chart in an NFTRH update projecting a gold sector bounce due to an over sold condition, a preponderance of gold bugs talking about an…
A very simple update. HUI has been pounded down to the support area defined by the lateral cluster that was the May-June pattern, and has filled Gap #1, as expected. …
As often noted, we should all have decided whether we are an investor, trader or whatever other style of casino patron we are prior to the correction. I hesitate to…
SPX daily is at the top trend line of what could be a wedge. Huey is in a robo trend up in a channel. SPX weekly shows the 1.5 year…
I decided that it was time to take the rest of the reward for having taken the risk (and advising same in NFTRH) when it seemed most did not want…
A simple update to gauge the progress of the miners as they work through the consolidation/correction.
GDX and GDXJ did indeed break down from the bear flags we noted during the trading day on Friday.
Using the GDX and GDXJ daily charts, I thought I’d show some previous examples of bull flags so that now we can note potential bear flags. This is of course all speculation because a pattern isn’t activated until it resolves, but for reference here is an update from June 28 in which we noted several potential bull flags, which went on to resolve as expected.