It is a post-FOMC holiday week with Stimulus news out. What better time for some confusing market moves? The FOMC week bounce in gold stocks, which has the potential to…
As Huey pushes his cart of rocks out of the dark and up the hill... In NFTRH we did a lot of work managing the oncoming correction, the valid reasons…
The US dollar remains in bearish lockdown, technically The daily chart shows a slight bounce attempt that itself may be suspect, even as USD is positive morning. Barring a take-out…
[edit] Payrolls data are out, they were well below forecast (+245,000 vs. +432,000) and the market is taking it as a big nothingburger. Gold and silver barely moved, the USD…
The last time I wrote a title like the above was on June 19th; and wouldn't you know that the correction ended the very next trading day? The consolidation breakout…
Don't obsess on the US dollar dear bugs. That is easy analysis that leads to poor outcomes at key junctures. In this case it would theoretically mean that an anti-USD,…
The perfection is in the fact that one is getting brutalized by the optimism breaking out everywhere (Media serve up everything from vaccines to the presidential transition to the appointment…
In some ways the gold miner correction almost had to happen. So says the chart below. A reminder here is that nothing is happening now that did not happen in…
We have shown how the US stock market and the inverse of the US currency are not so strange bedfellows. But there is one former bedfellow who is now strange…
I have been noting that the HUI/SPX ratio can lose the SMA 200 and still be okay as long as it makes a higher low to June, a loss of…
Broad Markets As noted this morning to subscriber R.D. who emailed talking about the rotation to value and how it appeared machine driven. R.D.... It does seem obvious to me…
First, the VIX, which has gotten clobbered on whatever is making the markets feel good today. I added some VIXY back yesterday as a vol. hedge, but obviously did so…
A few pictures of upside gaps filling on various indexes, as we speculated might happen on the short-term. HUI is going for the gap just above 330. The keys to…
In bouncing to the daily EMA 20, HUI has filled an upside gap. There is another just above 330, which can fill as well. We can allow for a test…