gold stocks

Notable Public Posts

S&P 500 & Gold Stocks, Mirror Manias

We have been working a theme lately about the mania going on in US stocks (some valuations are not overly manic but policy sure is) and also the one going on in the mirror (a fun house mirror at that) in the ugly precious metals sector.

We are in a time of utter reverence for great and powerful Oz-like people doing not so great things to the rates of interest that would be paid to savers and prudent people (Zero Interest Rate Policy or ZIRP), and doing wonderful things for leverage (substance) users, speculators and asset owners (MBS and long-term T bond buying).

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November 27, 2013
Notable Public Posts

A Cyclical ‘Mini-Me’ to a Big Secular Event?

Ever since the current (final wave 5?) leg in the now 4 year, 7 month old US stock bull market generated in November of 2012, NFTRH has tried to make the point that there is no new secular bull market in US stocks.  Indeed, there is a maturing cyclical bull market that has another 5 (+/-) months to live if it is to match the two previous cycles.  The bubble leader, Russell 2000 does after all have a measured target of 1350 (Kisses Goodbye).

Why do we call the US cyclical stock bull a bubble you ask?  Because of this chart (courtesy of SlopeCharts), variations of which NFTRH subscribers have been repeatedly hit over the head with just to make sure that we know what we are dealing with.

sp500.base.profits

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October 29, 2013
NFTRH Interim Updates

NFTRH Update, HUI Weekly View

A quick update on the status of the weekly view of HUI and its projected ‘W’ or ‘IHS’ bottom as noted in this week’s letter.

But first, to review the daily situation, HUI made its first close above the resistance at 230 (as noted in an update last week by a daily chart).  The next important task is to take out the 50 day moving averages, which are currently 234.55 (EMA) and 241.50 (SMA).

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October 22, 2013
NFTRH Interim Updates

NFTRH Update; HUI

I don’t believe today’s precious metals bounce is anything because we are talking about a market that is fixating on scrambling politicians and what ever scheme they will cook up to extend the nation’s ‘Wimpy’ lifestyle… “I’ll gladly pay you on Tuesday for a Hamburger today.”

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October 14, 2013
NFTRH Interim Updates / Notable Public Posts

NFTRH Update 9.17.13, Precious Metals – Looking Past FOMC

The world expects the FOMC to update its expectations regarding a tapering of Treasury bond asset purchases tomorrow.  The world thinks that a tapering of these purchases would be bad for gold.

I think a decrease in T bond purchases would be anything from neutral to a potential positive (see post coming later today on the matter).  Regardless, it is time to be looking out beyond FOMC with regard to the precious metals, a most sensitive sector to monetary policy.

So here is a check list of what we want to see in order to press the bull stance.

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September 17, 2013
NFTRH Interim Updates

NFTRH Interim Update 2.20.13, Au & Ag

Gold and silver downside momentum is either building into a capitulation and a bottom or the technical damage is going to be obvious.  A drop below 1525 puts gold in…

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February 20, 2013