NFTRH+; Doink
[edit] From about noon ET I will be away from my office for the rest of the day, so don't interpret lack of trading or updating activity as the product…
[edit] From about noon ET I will be away from my office for the rest of the day, so don't interpret lack of trading or updating activity as the product…
HUI (daily) is pulling back as expected to test support at the area where the SMA 50 is rising to meet the SMA 200 and the channel breakout point. Our…
Ref. the update on May 18... HUI went on to ping 325 and it would have been surprising had it not paused there. The daily chart has gotten moderately overbought…
I went to the track for some exercise, came back and yields had reversed back up and HUI back down, in-day. It is a microcosm of what I expect in…
Global market stress this morning I was going to talk about the ongoing VIX divergence and loss of momentum in SPX, regardless of how the market looked this morning. That…
From yesterday's update using the chart below... Today HUI takes out the 1st ‘get out of jail’ point on the daily chart. We noted this and the 2nd ‘get out…
Today HUI takes out the 1st 'get out of jail' point on the daily chart. We noted this and the 2nd 'get out of jail' point at 325.26 back in…
The weekly chart of HUI shows the Handle consolidation having been broken to close last week and follow-through in the opening hours of this week. Yes, it's a breakout. The…
HUI/SPX ratio Push, push, push... that cart full of rocks out of the dark cave you've been in since last summer, Huey. Push, push, push and see if you can…
The Gold/SPX ratio continues its way upward, after breaking above the SMA 50. Here's the larger view for more perspective. As yet, considering all that resistance traffic above it is…
HUI did the anticipated pullback to the SMA 50 (nearly to the 62% Fib) and rebounded, as per the ongoing bounce plan. Today Huey bumps his head up against the…
It was just an inkling, the little double top in the SPX/Gold ratio referred to several times in NFTRH 653. Flipping it over, we find the Gold/SPX ratio furthering its…
HUI daily chart per Monday's NFTRH+ update As he pushes his cart of rocks slowly out of the cave and up the hill (careful not to backslide too much Huey)…
Gold mining is a counter-cyclical business. During economic (and inflationary) down cycles gold out-performs industrial metals, oil/energy, materials, stocks, etc. Insofar as commodities and materials contribute to gold mining cost…