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…

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A Creamy NUGT

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…

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NFTRH: A Genius Free Zone

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…

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Launch!

While at near-term risk, the gold sector is launching, not blowing off Okay, the title of the post is a bit of a joke at this late stage of the…

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NFTRH; Stock Market & Gold Sector

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).

(more…)

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HUI Log & Linear Charts

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…

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NFTRH Update; Gold, Gold Stocks and Energy

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…

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Gold’s Macrocosm: The Planets Align

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…

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NFTRH Update; Market Bounce Implications

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…

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HUI Daily Chart; 1st Parameter Hit

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…

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NFTRH; HUI Pullback Parameters

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…

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