DUST Hourly
The hourly chart of 3x Gold Miner bear DUST looks bearish to me. If the pattern becomes activated it would target the little gap and lower, down to 22. It'll…
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July 29, 2015
Macrocosm
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 353. After this theoretical exercise we got down to nuts and bolts analysis, which…
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July 27, 2015
HUI Hits Downside ‘Bounce’ Target w/ Market Weak
In an update on Monday we noted the following using a weekly chart of HUI... Here is the blown up view (again, no pun intended) of weekly HUI. I have…
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July 24, 2015
HUI Weekly Channel
Here is the blown up view (again, no pun intended) of weekly HUI. I have added a downtrend channel (intersecting the 110 area, +/-) for a view of where a…
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July 20, 2015
Broad Market Update
The summer correction came and it lasted exactly one day!
Well, that is hyperbole because what really happened was that a market that was sagging and losing momentum was shoved downward in one great, noise-filled plunge as some indexes reached initial support targets that we were noting.
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July 1, 2015
NUGT Short
In the screen shot intro for NFTRH 347 a couple posts ago it was noted that the short position in NUGT was covered. Profit was taken on the short amidst…
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June 15, 2015
NFTRH 346 Out Now
Here is the note from the email to subscribers that accompanied the full report... "I thought is was time to bulk up a bit to a 30+ page report this…
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June 7, 2015
Gold Sector, Big Picture
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management…
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June 1, 2015
Plucky Gold Sector
A few relevant charts to the still-bouncing gold sector... HUI-Gold ratio holds above the SMA and EMA 50's. The 10yr-2yr spread is above the MA 50's. Gold vs. Stock Market…
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April 21, 2015
Market Notes
Stock Markets
Interesting developments in the markets this morning. Apparently momentum-fueled markets are getting knocked down by some hype from China pertaining to authorities allowing shorting of Chinese stocks. That is not fundamental to anything, but it is a shot across the bow to over confident bullish momentum players the world over. In true momo fashion, they are knee jerk selling in response.
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April 17, 2015
Anti-USD Asset Rally Status
As suspected would be the case, the US dollar appears to have resumed its correction after rising to test the high. The first important support zone has been the shelf surrounding 94, which intersects a trend line from last summer’s lows.
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April 16, 2015
HUI Key Support/Resistance & Discussion
After noting some new positive points and lingering negatives, the Precious Metals segment of NFTRH 337 ended with this…
“But the bottom line is that the precious metals are still only on a technical bounce and the CoT is giving a caution signal. We should respect both of these conditions until they are cleared. We’ll continue to update of course.”
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April 9, 2015
Gold Sector
Yesterday we showed the ETF charts that were at bounce points (if they were going to bounce). Today GDX and GDXJ are up around 4%. I grudgingly added a couple…
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April 1, 2015
Gold Sector & Stock Market Snapshots
Gold Sector
Turning to the precious metals first, HUI made it to 175.62, which is a little lower than the ‘+/-‘ we have been tagging with the 180 target. RSI held below 50 and while it could just be filling a little gap from last week, it does not look overly inspiring. We continue to let those who obsess on the precious metals as if it is the only market on the planet micro manage this. Nothing has changed yet, and that includes the fundamentals. There is no actionable bull signal beyond the bounce. 180 +/- remains the target for now, but this thing must get in gear quickly.
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March 27, 2015