Gold-CCI & GDX
Before the hype of PDAC kicks in (and I install my ear plugs against it) here is one more gold sector chart that I find interesting, to say the least.…
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February 26, 2015
Market Update
Admin Notes Doing a freer flowing 'market update' segment mid-week works better for me than the more rigid ETF updates we had been doing and I hope it works better…
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February 25, 2015
Gold Sector Update
Yesterday morning we noted that the bulls had taken the ball back in the broad stock market. Despite a volatile day, that remains in effect as long as the market,…
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February 12, 2015
NFTRH 329 Out Now
How to promo... how to promo? NFTRH 329 took a hard look at the realities of what happened last week and despite an end of week reversal (below SPX key…
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February 8, 2015
Market Update
Usually on Wednesday mornings we do a standard ETF update. But given the interesting things happening across several markets, this morning I thought I’d do a freer flowing update.
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February 4, 2015
NFTRH 328 Out Now
Another solid report this week. I know that because it helped me out yet again in trying to understand all the components in play across markets; all the tops spinning…
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February 1, 2015
NFTRH; GDX Pullback Parameters
Last week when GDX pulled back hard we reviewed an NFTRH+ update and target of 23. Yesterday and this morning it hit that target and today, poetically, comes the next…
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January 21, 2015
Bottom Line Thoughts on the Gold Sector
As posted at Biiwii... Improving Macro Backdrop In light of a shifting global macro backdrop that we can finally sink our teeth into with respect to a bullish orientation on…
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January 19, 2015
NFTRH 326 Out Now
There is a lot happening across global financial markets. We go in depth into US stocks, review global stocks, make sharp points about commodities, cover macro indicators in depth and…
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January 18, 2015
NFTRH; Stock Market & Precious Metals
US Stock Market The stock market is down again in pre-market. We are at a point where technicals will start breaking down or another big bounce reversal will begin. For…
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January 16, 2015
GDX vs. SPY; Different This Time
The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is…
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January 14, 2015
Big Picture Views
With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some NFTRH monthly charts.
Let’s start with currencies, since they are a reflection upon global policy making, which has been unprecedented in its direct market interference over the last few years.
Nominal Charts – Currency
We noted the hot air patch in the Canada dollar last year. I had thought CDW might stop and find support at 85, which is a measurement from the topping pattern; but so far, no dice.
Fellow commodity currency Aussie is at what should be a strong support zone.
[edit] evidently my uninformed use of stockcharts.com’s symbol for the Rupee is incorrect. I have had input that this chart is an inverted view of Rupee-USD. Looking into this.
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January 13, 2015
NFTRH; HUI Daily Chart Status
Let's keep it simple. The gold stock sector is acting very nicely as an anti-market to everything else that is going down of late. It is a microcosm of the…
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January 6, 2015
GDX Stinks
We have been noting the bearish state of the gold miners for all too long now; most recently in NFTRH 321. But at some point I have got to believe…
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December 15, 2014