Spitting Out the NUGT
Our little Nugat theme is all done now because I no longer like the taste of being leveraged short the miners. I am taking +15% on the trade and moving…
Our little Nugat theme is all done now because I no longer like the taste of being leveraged short the miners. I am taking +15% on the trade and moving…
Yesterday I got to tell the world about my lousy trade, being short 3x gold miner bull NUGT. Writing a post about it was the easy part. Losing money hand…
Last week I got to post up my bounce longs, showing the little sliver of the world that visits NFTRH.com my great prowess in trading. Add in a couple of…
We will cover the wider spectrum in the weekly reports, but here I want to boil it down to the US stock market and the gold sector and keep it simple, as we are currently managing opposing views in these two items.
S&P 500: Bearish but on a bounce, as anticipated.
Gold sector: Bullish and so far resisting taking any sort of substantial pullback.
SPX finally turned the resistance at 1947 (middle point of the ‘W’) to support and now proceeds on its way toward target (2000 +/-, expanded to 2030).
After noting 1947 as the key short-term resistance for SPX we find it right back there testing that level. This after a drop yesterday and hold above the EMA 20,…
For months we have been having a little fun with some bears who were managing the final "plunge" using log charts. Here's the weekly log showing the breakdown that tantalized…
From yesterday's update: "As for gold, it is ready for a correction (with silver even more so) when viewing the CoT data, sentiment backdrops and over bought status and technical…
We have noted the key pullback support level equivalent to HUI 140 (GDX equiv. is 16.90) and so far this has not even been tested (the lowest GDX got was…
We introduced the graphical view of the preferred counter-cyclical environment for gold and especially the gold stock sector in July: Macrocosm. We have updated the view several times since at…
The futures are bouncing and this comes right from the literal last ditch technical point as shown in yesterday morning's update edits. There was literally no lower that the indexes…
See important edit below! Gold Sector I made a public post yesterday after the market closed that updated the HUI chart we used as a guide for support areas on…
Below is a chart from this morning's pre-market NFTRH update in which we laid out 3 levels to watch for on an over bought pull back. We had noted in…
I sensed people were getting antsy in wanting to buy gold stocks for fear of prices running away. That is why we had a couple updates noting the over bought…