NFTRH 648, Out Now

It includes an opening piece on gold stocks that I may publish publicly later on. It was inspired by two things; 1) a talk with a friend while on the road last week and 2) some stuff I read at a gold website talking about how bullish the fundamentals are for gold stocks right now. Hint: they are not. Lot’s more to boot. For “best … Continue reading NFTRH 648, Out Now

Some Gold Macro & Sector Fundamentals, Updated

In NFTRH we use daily and weekly versions of these charts to gauge not only the fundamentals of the gold sector, but also the broader macro markets. Here are the weeklies, which are the important ones to turn up after the dailies long ago gave us bullish signals. The play is getting overbought on daily time frames, but as you’ll see below the weekly charts … Continue reading Some Gold Macro & Sector Fundamentals, Updated

Gold’s Macrocosm: The Planets Align

We introduced the graphical view of the preferred counter-cyclical environment for gold and especially the gold stock sector in July:  Macrocosm.  We have updated the view several times since at NFTRH.com, with the macro backdrop getting more and more supportive of the gold sector over the last half a year. Now that the world knows gold is bullish and those pumping gold for the wrong … Continue reading Gold’s Macrocosm: The Planets Align

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In-Day Update on Some Gold Sector Inputs That Actually Matter

The word play in the title is in reference to the ridiculous fuss over COMEX gold inventory and other promotions masquerading as fundamentals put out by cartoons masquerading as analysis. 30 year divided by, and 30 year minus 5 year are neutral at best.  Yield spreads would be rising in a gold-positive environment.  As a side note, this spread also tends to bring trouble for … Continue reading In-Day Update on Some Gold Sector Inputs That Actually Matter