NFTRH; Market Notes
As if it were as easy as all that the market looks like it is trying to find support after we noted its state in pre-market. It is not as…
As if it were as easy as all that the market looks like it is trying to find support after we noted its state in pre-market. It is not as…
A snapshot of current daily technicals…
Precious Metals
GLD broke back above the first key support level. 120-122 will be a big test. A rise above 120 would put in a short-term higher high to go with the recent higher low. 114 is where key support begins.
First report of 2015 and it seems to be well grounded and on plan. This one helped me personally to qualify and quantify my views as to where I think…
NFTRH 323 ends the year in the same fashion as we began, calmly portraying what is in play within the market's swings, laying out probabilities and honestly interpreting what the…
Folks, I am ready to be the strongest gold bug there is one day when the time is right. Why did I write that sentence? Because this update is one…
From yesterday's ETF update: "TIP-TLT continues to indicate that the Treasury market perceives no inflation issues whatsoever. Indeed, the whole world is worried about anything other than inflation right now. …
A snapshot of the current daily technicals…
A lot has changed since last week’s ETF update. One notable exception is the first item…
A good report that departs from some of the nuts and bolts (so much so that I forgot to include the usual currency segment, which we have frankly had nailed…
A snapshot of current technical status…
GLD made a bearish breakdown below the equiv. of gold 1180. To even think about repairing the technicals, GLD would have to get above 115 at a minimum (gold above 1180).
Precious Metals I got back near the end of the day and observed that HUI promptly gave back any in-day bounce hopes and has now closed below the 2008 low. …
Post FOMC The Fed has ended QE 3 as expected. Here is the big picture view that has seen a post-2008 constant in Zero Interest Rate Policy (ZIRP) and systematic…
A technical snapshot of key ETF’s…
GLD has bounced from critical support (equiv. of gold 1180). MACD triggered up is positive.
Bloomberg headline:
Jobless Claims Drop as US Consumers Gain Confidence
Economic deceleration is sure not on the front burner. Yet the US continues to try to inflate, as does a good portion of the developed world. Questions include… will we get rising inflation concerns and will this inflation and precious metals bounce foretell economic drudgery (or worse) to come? In 2000 when the great stock bull blew out and the gold bull began, things were about as good as they get for the economy.