We have noted the key pullback support level equivalent to HUI 140 (GDX equiv. is 16.90) and so far this has not even been tested (the lowest GDX got was…
The daily charts of HUI, GDX and GDXJ below show pullback support zones as the (mini or maxi) reaction from over bought status takes hold. As noted, HUI 140 is…
Below is a chart from this morning's pre-market NFTRH update in which we laid out 3 levels to watch for on an over bought pull back. We had noted in…
I sensed people were getting antsy in wanting to buy gold stocks for fear of prices running away. That is why we had a couple updates noting the over bought…
Here is the simple HUI daily chart we used in NFTRH 380 to show the parameters of 'bounce' vs. 'bull signal'. The higher high Huey is making above the December…
We have a target in the 70's by a bigger picture monthly (log scale) chart that we have been following consistently in NFTRH. The log scale helps us see the…
From this morning's pre-market update: "Gold and silver are down slightly in pre-US trading. If the gold stocks make a second day in the green we can start to take…
US Stock Market SPX has now hit and exceeded 2100. This was the rough measurement of the 'W' pattern and with a +/- tolerance, the general upside limit of what…
The Semiconductor sector was very bullish yesterday and it is a leader. SOX refused to break down and this relative strength now manifests in a partial market recovery pre-US open…
Add the US dollar to the list of items that are in question and on the move. The green circles show the higher highs and higher lows made by USD since the May low. In June it spiked down, tested that low and then shot higher.
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…
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…
While gold vs. the S&P 500 has not done much yet, I want to show a view of gold vs. a couple market leaders, the Russell 2000 and Biotech index, looking constructive.
My phase of time stresses as noted in NFTRH 340's opening segment is kicking in a bit, but darned if I will miss the notable things like HUI below. So…