Yesterday FOMC laid a small, dovish egg on markets that needed something more. Sole abstainer James Bullard wanted .50 instead of the .25 that came. The problem being that the…
From the weekend online edition of NFTRH, #696... We reviewed the bullish objectives for gold, silver and the miners (HUI) in the second segment. The week closed with that status,…
Gold hit its short-term target of 2000+ yesterday. Today HUI has hit its short-term target of 325. Silver is at 27.18 (vs. a target of 30 +/-). Recall that my…
Various 'war trades' spiked and some are reversing in pre-market. Palladium and gold did the spike and reversal while nickel is doing what wheat did last week, limiting up. From…
Gold, Silver and HUI Without belaboring the potential vulnerabilies that would be any relief from war angst or the FOMC coming up on March 16th, let's do the straight technical…
HUI bottomed vs. SPX in December Here is the weekly chart we've used over the last 1.5 years to gauge the downside in gold stocks (HUI) vs. the S&P 500.…
I've increased the ratio of gold stocks to non-gold stocks in the portfolios today. Added were AEM and BTG (to go with GBR.V, MAI.V, GBRR.V, OGN,V, SSRM, WDO.TO and GDX)…
Precious metals still locked down With an understanding that there is always much more in play than nominal charts (the macro & sector fundamentals for example, which bounced of late…
Just a heads up on a couple of pictures. The Silver/Gold ratio held its constructive to bullish look despite a day of price violence in the precious metals (including the…
An update of the gold stock bounce As a TA, I respect charts first and foremost. On occasion that respect has burned me as I've missed big profit opportunity or…
Using fresh, un-marked charts for simplicity... It's right on cue, pre-FOMC. HUI is testing the 50 day average as expected. I make no remarks about bullish or bearish or the…
A mid-week daily chart update of the precious metals. Gold (futures) is still scrapping at the down-trending SMA 50 and SMA 200. Step 1: Take those out and hold them.…
An FYI that HUI's 2nd target is being ticked today. That is the 255 area (current: 257). This also corresponds with the neckline of the yellow shaded pattern for what…
Another routine technical update of the precious metals, with all items on track to the bounce projection. Gold is slithering along the upper bound of the downtrend channel that is…