NFTRH+; patterns of interest on Au & Ag stocks [w/ edit]

[edit] It’s a majority of the way through the day and while the miners are slightly positive volume has not ticked up. At some point on a theoretical right side shoulder we’d want to see volume start to come in. Using the first stock I looked at, watch list item SILV, as an example, and with all due caveats about chartists staring at patterns, I … Continue reading NFTRH+; patterns of interest on Au & Ag stocks [w/ edit]

Precious Metals bounce; no sign of speculative froth

The silver stock ETF is trending down vs. the gold stock ETF The bounce from a secondary low in gold stocks (HUI, GDX, GDXJ) has been going on since mid-December. Meanwhile the Silver Miners ETF (SIL) is well contained in relation to HUI. That means there is a little speculative froth in the sector and even better, little inflationary hype (as a wrong-headed reason to … Continue reading Precious Metals bounce; no sign of speculative froth

NFTRH+; Upside Targets for These Junior Miner Chart Patterns

The junior mining, exploration and development names often go to their own drummer, especially as gold stock rallies mature. As such, I want to review again some crazy technical targets on a few of my holdings (SBB.TO and MMX not currently held). It is so important to note here that these are not predictions, but for crying out loud they are chart patterns and measurements … Continue reading NFTRH+; Upside Targets for These Junior Miner Chart Patterns

Precious Metals: Risk Management to Opportunity

What Has Been

A solid 2.5 years of risk management (to varying degrees) has been required of precious metals investors.  It was most intensely required after the announcement of QE3, when the net commercial short position in silver began a relentless march toward a very bearish alignment in late 2012 and then the HUI Gold Bugs index lost an important support level at around 460.  Here is the chart of silver with a heavy commercial net short position from NFTRH 215, dated 12.2.12:

Continue reading “Precious Metals: Risk Management to Opportunity”