precious metals

NFTRH Interim Updates

NFTRH Update, Precious Metals

Well I am back already… :-) with a couple different views within the precious metals complex today.  First, I added some Fib retrace lines to the 5 minute chart shown earlier.  The 62% Fib off of the ‘take a poke’ buy zone only adds emphasis to the shaded support area.

(more…)

Comments Off on NFTRH Update, Precious Metals
September 26, 2013
NFTRH Interim Updates

NFTRH Update, Precious Metals

HUI has dropped to a thus far 'higher low' to the critical 217 parameter. Gold Bug sentiment is down to 10% by the Sentimentrader data we most often review. The…

Comments Off on NFTRH Update, Precious Metals
September 24, 2013
NFTRH Interim Updates / Notable Public Posts

NFTRH Update 9.17.13, Precious Metals – Looking Past FOMC

The world expects the FOMC to update its expectations regarding a tapering of Treasury bond asset purchases tomorrow.  The world thinks that a tapering of these purchases would be bad for gold.

I think a decrease in T bond purchases would be anything from neutral to a potential positive (see post coming later today on the matter).  Regardless, it is time to be looking out beyond FOMC with regard to the precious metals, a most sensitive sector to monetary policy.

So here is a check list of what we want to see in order to press the bull stance.

(more…)

Comments Off on NFTRH Update 9.17.13, Precious Metals – Looking Past FOMC
September 17, 2013
NFTRH Interim Updates

NFTRH Interim Update 3.14.13, Market Update

Precious Metals (Negative) Bearish Engulfing candles aplenty yesterday ('BE' is only a very short-term bearish candle, with implications over the next 1-3 days at most) Lack of bullish follow-through from…

Comments Off on NFTRH Interim Update 3.14.13, Market Update
March 14, 2013