NFTRH; Downside Targeting Updated for Silver & HUI
Silver has pulled back to a 38% Fib, the SMA 50 and a lateral support shelf on the daily chart. Good work. The weekly chart shows that area to be…
Silver has pulled back to a 38% Fib, the SMA 50 and a lateral support shelf on the daily chart. Good work. The weekly chart shows that area to be…
According to CME Group, rate cut probabilities declined yesterday to even odds from a previous reading that was near unanimous for a cut. Today it is back to 59% for…
Time for a checkup on the rally starting with silver, which is trying to take over leadership, per the futures charts below. Please click for clearer views. The best target…
One negative aspect of participating a little more on Twitter is that when viewing its streams, the information in tweets and all the response tweets can be overwhelming. Unlike when…
As with gold, silver only consolidated at the most recent resistance zone. But unlike gold, silver's resistance was significant. It pulled back as expected but that pullback was a shakeout…
It tells us it's bullish out there! Putting away the pompoms we see that Huey is hitting a zone of potential resistance on the weekly chart below (click to enlarge…
Well, it may not feel so wonderful (although if planning to buy, it sure may) but the expected pullback came in the form of the all too logical FOMC 'sell…
While many are talking about major new bull markets in gold, silver and the miners I find it safer to set realistic goals within a still very bullish outlook. After…
You may know me as the... ...guy. The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary…
It's not a chart of nominal HUI with upside technical targets. We'll do that in NFTRH this weekend, along with the usual individual miners. Rather, it's a companion to other…
While several individual miners (e.g. WDO.TO, KL from my holdings) are doing better than the sector itself we used the HUI/Gold ratio as a guide when it was bullish and…
Well, we (NFTRH) had the gap on radar for a reason and that reason came yesterday. Today HUI is doing it one better and going for the 62% Fib retrace…
Based on 30 years of data gold was fairly normal to its seasonal average until dropping to disconnect from it in April. From Sentimentrader... I don't mind that in the…
Well here it is. Here is the fallout from the hype that I wished I'd have been even more strident about in February. HUI HUI has dropped to the SMA…